Sheffield-based City Taxis will be acquiring Mercury Taxis from June 1. The combined business – to be known as City Taxis – will have a fleet of more than 1,400 drivers. Existing fare structures will remain unchanged.
The development comes after City Taxis recently switched to new headquarters and offices at Waterside Court, Attercliffe, Sheffield, from its long-time home at Manor Top in the city.
Arnie Singh, managing director of City Taxis, said: “At a time when competition for business within the taxi industry is increasing, this merger and consolidation is a significant and important move for both companies. It also provided a suitable exit route for the shareholders of Mercury Taxis in light of their desire to retire from playing an active role in the business.”