Veezu’s Dragon Taxis snap up double acquisition sparking 2020 growth objectives
- Perry Richardson
- Jan 13, 2020
- 1 min read
Veezu owned Dragon Taxis has acquired Cwmbran Cars and Chauffeur Cars Cwmbran in a double acquisition to become the largest private hire business in the UK.
The simultaneous acquisition of Cwmbran Cars Limited and Five Star Cars Limited (t/a Chauffeur Cars Cwmbran) means approximately 80 vehicles in the Torfaen licensing area are operating under the Dragon Taxis brand.
Nathan Bowles, Veezu CEO, said: “This double acquisition signifies our ambitions for 2020. It sparks the next stage of growth for our taxi and private hire brands.”
The dual takeover makes Dragon Taxis the dominant taxi and private hire operator in South Wales. Partner-driver numbers increase to more than 1200 across Bridgend, Cardiff, Newport and Torfaen.
Veezu has three other major service hubs throughout the UK, each operating under established local brands – A2B Radio Cars in the West Midlands, Amber Cars in Leeds and V Cars in the South West.
Bowles continues: “All our hubs share the same technology innovations and operating efficiencies that help make us profitable, whilst other ride-hailing app operators continue to post monstrous losses. No longer can our brands be regarded as individual entities, collectively we are the biggest operator in Britain and we are British owned.”
Veezu is now one of the biggest private hire business in the UK with more than 4650 active partner-drivers equating to an overall transactional value of more than £120 million in 2019.
Image credit: Veezu
