230 views

ComfortDelGro acquires Aussie assets for $6.74m

The group will acquire Rothery's Coaches in Queensland.

ComfortDelGro Australia announced its subsidiary, CDC South East Queensland (CDC SEQ), will acquire Rothery's Coaches for approximately $6.74m (AU$6.75m).

The agreement with Keydale Holdings, as well as Barry and Roslyn Rothery, will add 16 buses to the CDC SEQ operations in Rockhampton, Queensland. The total consideration arrived on a willing buyer, willing seller basis.

ComfortDelGro said the transaction will have no material impact on its 2022 net assets or earnings per share.

AU$1 = SG$0.98

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!