A2B Australia Limited
CGAAY
Other OTC2.18
USD
+0.33
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A2B Australia Limited
CGAAY
(Other OTC)
Recent
price
2.18
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- A2B Australia Limited operates as a leading provider in the personal transport sector, specializing in technology, payment solutions, and taxi network services. The company offers a comprehensive range of products and services including taxi network operations, taxi booking services, full taxi fit-outs and repairs, vehicle financing, insurance, driver training, taxi dispatch platforms, and payment technologies. Its main brands include 13cabs, Silver Service, Maxi Taxi, Cabcharge, Mobile Technologies International (MTI), EFT Solutions, Spotto, Giraffe, and FlamingoPay. A2B's payment solutions involve payment terminals for non-cash trip payments and integrated booking, payment, and safety technologies targeted at taxi and private hire businesses. In recent developments, A2B Australia completed its acquisition by ComfortDelGro Corporation Australia in April 2024, making it part of the largest combined taxi network in Australia with over 9,000 vehicles under operation nationwide. This acquisition aligns with ComfortDelGro’s strategy to expand its multi-modal mobility services and enhance its point-to-point transport offerings in Australia. The acquisition integrates A2B’s taxi networks, technology platforms including dispatch and payment solutions, and service brands like 13cabs and Silver Service into ComfortDelGro’s Australian operations. Additionally, A2B has engaged in strategic partnerships such as collaboration with Split Payments to enable real-time payments to drivers, highlighting its ongoing focus on innovation in payment technology and sustainability initiatives including electric vehicle deployment in major cities. Founded in 1976 and headquartered in Sydney, New South Wales, A2B Australia operates primarily within Australia but extends its technology deployment globally. The company serves a broad customer base that includes taxi operators, drivers, private hire businesses, and corporate clients, emphasizing reliability, innovation, and integrated transport solutions. It continues to expand its footprint through strategic acquisitions and technology development, reinforcing its position as a market leader in Australia’s personal transport and payment solutions industry. The company is a subsidiary of ComfortDelGro, which integrates A2B’s offerings within a wider transportation network that includes taxis, buses, and patient transport services across Australia.