Private hire taxi company Addison Lee has bought US executive car firm Flyte Tyme for $25m in a bid to boost US growth and increase adoption of its mobile app in cities outside London. Driven by competition from Uber, the acquisition is the company's 10th in six years, and follows purchases of high-end taxi company Tristar in July and London-based Cyclone VIP Cars & Courier in annual. The acquisition of Flyte Tyme will bring Addison Lee's 2015 sales to nearly £400m.
Private hire taxi company Addison Lee has bought US executive car firm Flyte Tyme for $25m in a bid to boost US growth and increase adoption of its mobile app in cities outside London. Driven by competition from Uber, the acquisition is the company's 10th in six years, and follows purchases of high-end taxi company Tristar in July and London-based Cyclone VIP Cars & Courier in 2015. The acquisition of Flyte Tyme will bring Addison Lee's annual sales to nearly £400m.