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Strides, Premier join forces to form second-largest taxi operator in Singapore

The cab deal will take effect from 1 May.

Sandy Pramuji
·Contributor
Updated ·2-min read
Image of a green coloured Strides taxi on the road.
Strides, Premier join forces to form second-largest taxi operator in Singapore. (Strides)

SINGAPORE – SMRT Corporation announced on Thursday (13 April) that its taxi business, Strides Taxi, will be merged with Premier Taxis, creating Singapore's second largest taxi operator.

A new joint venture company, Strides Premier Pte Ltd (Strides Premier), will be formed to hold the merged business, which will include Strides Automotive Services and Premier Automotive Services. Strides Holdings, a wholly owned subsidiary of SMRT, will hold a majority stake in Strides Premier, and Premier Corporation and BS Investors will jointly hold the remaining stake.

The deal, which will take effect from 1 May, will bring together a combined fleet of approximately 2,500 taxis, overtaking second-largest taxi operator Trans-Cab, which has 2,170 taxis. ComfortDelGro still has the largest fleet in Singapore, with around 8,100 taxis.

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The merger, SMRT said, will help to safeguard the long-term interest of driver and passengers as the demand for taxis and private hire cars (PHCs) rebound to pre-pandemic levels. "Strides Premier will offer a full suite of technical expertise and workshop capabilities to service the expanded fleet," it said in a press release.

"This merger is a significant milestone to help drive greater efficiency and better services for both our vehicle hirers as well as end users of taxis and PHCs," Ang Wei Neng, CEO (designate) of Strides Premier said.

Raymond Ng, founder of BS Capital Group said, "After acquiring Premier Taxis last year, we see this merger as an opportunity for further growth. We are committed to serve our existing customers better and to attract more to join us in this competitive P2P market."

Strides Premier will be working closely with the National Taxi Association (NTA) and National Transport Workers Union (NTWU) to engage existing drivers and staff of all the entities involved in the merger.

All current rental agreements of the PHCs, taxis, limousines and private cars will not be affected.

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