CAB cabcharge australia limited

News: Cabcharge acquires Maxi Taxi business

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    Cabcharge Australia Limited (ASX:CAB) has acquired the Maxi Taxi Australia business and other assets for under $5 million.



    Other assets include are the Maxi taxi trademark and the company’s 13MAXI phone number.



    Maxi Taxi holds 11 taxi licenses and 5 limousine licenses across the ACT, Brisbane and regional centres throughout Queensland.



    The transaction was fully funded internally and is not expected to have a material impact on earnings.



    Cabcharge says it is pleased to be able to continue diversifying within the industries it knows best.



    Cabcharge generated a net profit of $59.9 million in the 2012 financial year. 
 
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