Cabonline Group solidifies its position in Finland through the acquisition of Inva-Taksi Oy

Cabonline Group, a Stockholm, Sweden-based company, owner of the leading Nordic taxi brands such as Taxi Kurir, 020, Norges Taxi and Taxi Skåne, announced that it has acquired Finland’s largest and oldest specialised transport provider Inva-Taksi Oy.

The acquisition will support Cabonline Group’s entry into the Finnish market as well as its strategy to become the leading Nordic transportation provider. Cabonline has also agreed to acquire Taxia, the previous owner of Inva-Taksi Oy, following the deregulation to take place next year.

The announcement comes shortly after Cabonline Group bought the Finnish companies Kovanen and Mankkaan Taksi. Through these acquisitions, Cabonline will become the largest taxi company in Finland.

Over half of Finland’s billion-euro taxi market is comprised of public transportation.

Inva-Taksi Oy is the leading provider of specialised transport in Finland and a strong operator in public sector transport.

In 2016, the combined turnover of Taxia and Inva-Taksi Oy was SEK 99M ($11M).

Cabonline Group is owned by American private equity firm HIG Capital, which purchased the company in 2015.