Cabonline Group buys the Finnish companies Kovanen and Mankkaan Taksi.

Cabonline Group, a Stockholm, Sweden-based taxi holding company, announced that it will acquire Kovanen and Mankkaan Taksi.

This acquisition will allow Cabonline entry to the Finnish taxi market and to become a stronger player in the Nordic transportation segment as a digital service provider.

Kovanen and Mankkaan Taksi have a strong position in both the consumer and corporate segments in the capital area in Finland and their combined turnover in 2016 was approximately SEK 240M ($30M).

Kovanen and Mankkaan Taksi are leading taxi brands in Finland and both firms are well know for their high quality service.

-The acquisition of Kovanen and Mankkaan Taksi is consistent with our strategy to continue our expanision in the Nordic countries and I am very proud to enter the Finnish market. This is a unique opportunity for us to build on the experience we have from the Swedish and Norweigan markets as the Finnish market finally faces deregulation and we are looking forward to further digitalize and develop the Finnish market , says Thomas Ekman, CEO Cabonline Group.

After the acquisitions, Cabonline will be the biggest taxi company in Finland and have a very strong position before the deregulation takes place in the summer 2018.