CarTrawler, backed by BC Partners and Insight Venture Partners, to acquire Cabforce, a provider of taxi booking solutions
CarTrawler, a leading travel-technology platform and online aggregator of car rental and ground transportation services, has reached an agreement to acquire Cabforce. CarTrawler is backed by funds advised by BC Partners and Insight Venture Partners.
Cabforce is a Finnish technology and services company that is a leading provider of taxi booking solutions. With all-inclusive rates and a unified service on six continents, Cabforce is the industry benchmark, powering millions of business trips each year. The company was founded in 2009 and has headquarters in Helsinki, Finland. Cabforce content is available at over 200 locations in 54 different countries and six continents.
Speaking in Dublin, Ireland, CarTrawler CEO Mike McGearty made the following statement:
“Everyone at CarTrawler is excited to welcome the Cabforce Team into our business. CarTrawler already has the most comprehensive range of car rental available online. Now with the addition of Cabforce content and specialist expertise to our existing portfolio of ground transportation products, we will significantly enhance the level of service, product range and availability for customers.”
“This acquisition will strengthen CarTrawler as a world leading ground transportation company. Most importantly, our customers will benefit from the best experience every time and everywhere they book. This is a value creative deal for both companies; our partners, suppliers and customers will benefit from a stronger and broader infrastructure and increased support as a result of the acquisition.”
Speaking in Helsinki, Finland, Cabforce CEO and co-founder Andreas Hansson welcomed the acquisition:
“The team at Cabforce is proud of the exceptional service that we provide our trade partners with. Our acquisition by a company of CarTrawler’s stature is testimony to the strength of the business that we have created. Our partners and suppliers will benefit from this investment through enhancements in technology, data science and conversion capabilities which will strengthen our value proposition significantly. We look forward to continuing to deliver the first-class service that we have built our brand on and that our trade partners have come to expect from Cabforce.”
In London, UK, Matthew Tooth, Senior Partner at BC Partners, also commented on the acquisition:
“CarTrawler’s strategy for sustainable growth continues to deliver benefits to partners, suppliers, customers and investors. Today’s transaction will create tangible opportunities to further accelerate growth through expansion into the markets and trade channels to which both companies provide a gateway.”
CarTrawler connects business and leisure customers and online travel retailers with more road and rail transport solutions than they will find anywhere else. Over 70 international airlines and 2,000 travel retailers around the world trust CarTrawler to provide their customers with real-time access to over 1,300 leading and independent car rental agents, coach transfers, rail networks and chauffeur drive services at 30,000 locations in 174 countries. CarTrawler also owns and operates the Holiday Autos and Argus Car Hire brands. The company headquarters and Customer Centre of Excellence are located in Dublin, Ireland, with additional offices in Boston and London. CarTrawler is private equity backed by BC Partners and Insight Venture Partners. For further information, please visit www.cartrawler.com.
Cabforce is a Finnish technology and services company that is the leading provider of taxi booking solutions. With all-inclusive rates and a unified service on six continents, Cabforce is the industry benchmark, powering millions of business trips each year. Cabforce connects travelers worldwide with the best possible transfer providers, and offers 24/7 quality assurance and customer support throughout the process. Cabforce was established by three co-founders in a taxi in Finland in 2009. Cabforce content is available at over 200 locations in 54 different countries and six continents. #DestinationDriven
Source: Press Release