The acquisition of National Taxi will mark a significant milestone in DTC’s growth strategy
Dubai Taxi Company has announced that it has entered into a Sales and Purchase Agreement (SPA) to acquire 100% of the share capital of National Taxi LLC, one of the UAE’s established taxi operators with operations in Dubai, Abu Dhabi, and Al Ain for a total Enterprise Value of AED 1.45bn, funded through new bank debt facilities.
National Taxi is a well-established and high-quality operator founded in 2000 and operating approximately 2,500 licensed plates and a fleet of over 2,700 vehicles across Dubai, Abu Dhabi and Al Ain.
The acquisition of National Taxi will mark a significant milestone in DTC’s growth strategy, expanding its geographic footprint in the UAE and reinforcing its position as a leading mobility platform.
Long-term trajectory
Dubai has been the foundation of everything DTC has built, and we remain as confident as ever in its long-term trajectory. This acquisition is a direct expression of that conviction, and of our commitment to growing DTC into a platform worthy of the city and country it serves”, commented Abdul Muhsen Ibrahim Kalbat, Chairman, DTC Group.
“The transaction is expected to be earnings accretive from the first full year of ownership, with further upside expected from procurement optimisation, centralised maintenance and disciplined integration over time,” noted Mansoor Rahma Alfalasi, CEO, DTC Group.
“Ultimately, DTC submitted the most compelling proposal, and we are confident that DTC will guide National Taxi through its next phase of development,” remarked Toufic Mitri, Managing Director, National Taxi.
