Grab acquires Singapore’s third-largest taxi operator Trans-cab 

Singapore’s ride-hailing and food delivery company Grab has signed an agreement for its car rental unit Grab Rentals to acquire Trans-cab, the city state’s third largest taxi operator. 
The deal, Grab’s first local competitor acquisition, is expected to close in the fourth quarter of 2023 and includes “Trans-cab’s taxi and car rental business, maintenance workshops and fuel pump operations.” Founded in 2003, Trans-cab started with a fleet of 50 taxis and tried to go public twice. It now operates a fleet of more than 2,500 vehicles. 
The financial terms of th

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