Singapore’s ComfortDelGro adds London’s famous black cabs to its portfolio by buying the city’s largest taxi operator

(Credit: Nicholas Economou—NurPhoto/Getty Images)

ComfortDelGro, one of Singapore’s leading transport operators, is buying London’s largest operator of its famed black taxis in a deal worth almost $350 million. 

On Wednesday, ComfortDelGro which, among other things, operates two lines of Singapore’s Mass Rapid Transit subway system, announced that its wholly owned subsidiary CityFleet Networks will acquire Addison Lee, the largest premium point-to-point operator in the U.K.