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Addison Lee eyes Big Apple by acquiring NYC taxi platform

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Addison Lee has acquired a New York-based taxi platform in the latest US expansion plans for the minicab firm beyond its home turf of London.

The deal to buy black car service Tandem Technologies from transport operator Transdev will see the launch of the Addison Lee brand in the states for the first time, as it targets a share of the $2bn a year industry in the city.

The cab company backed by private equity firm Carlyle already operates the chauffeur service Flyte Tyme in New York, which it acquired earlier this year, and Tristar, which it bought in 2016, generating $100m in revenues between them across the country.


© City A.M.