With the acquisition of Taxi 4×27 in Denmark, Cabonline is strengthening its position as a leading provider of Taxi services in the Nordics. Taxi 4X27 has operations in Copenhagen, Aarhus, Odense, Frederikshavn, Holstebro and Sønderborg. The acquisition will add 230 transporters, with a combined total of 300 taxis, to Cabonline’s franchise model, which already has operations in Sweden, Norway and Finland.
Over a 36-month period, existing as well as newly added taxis in Denmark will be granted a reduced fixed fee, which represents the purchase price for the company. Taxi 4X27 will be gradually integrated into Cabonline Group and within six months, it will be possible to book taxis in Sweden, Norway, Denmark and Finland via the Cabonline app.
“The acquisition of Taxi 4×27 in Denmark is an important step for Cabonline. The acquisition strengthens our Nordic position and enables us to gain a strong foothold in Denmark. From this starting point, we will be able to continue to grow organically in the highly attractive Danish market, which is about to be deregulated,” says Peter Viinapuu, CEO of Cabonline.
- Cabonline acquires Taxi 4×27 and steps into the Danish taxi market.