A well-known Wirral-based taxi company has been bought out by a major UK player.

CityFleet Networks Ltd has acquired Argyle Satellite Taxis, in a seven-figure deal. 

In a strategic advancement for growth across the North West, the deal is the purchaser’s largest move into the private hire vehicle market outside of London.

Chris Jordan, former director at Argyle Satellite Taxis, said: "CityFleet has ambitious plans to continue improving the taxi experience for its customers and drivers in the North West.

"I'm sure they will prove to be the perfect stewards to take Argyle Satellite to the next level.

"Karen and the team at CityFleet are 100% committed to upholding Argyle’s proud tradition and working with our dedicated staff and management to take the business forward as we enter into this new era.”

Already one of the largest point-to-point transport companies in the UK, boasting Computer Cab plc, ComCab (Liverpool), ComCab (Aberdeen) and Comfort Executive (London) in its portfolio, CityFleet now plans to build on the growth of Argyle Satellite, developing it as a hub for further expansion and investment. 

Argyle Satellite has had success after its foundation in 2017, seeing a 40% growth in fleet size over the last three years, servicing 4 million journeys in the process. 

CityFleet Networks have said that Argyle Satellite will continue to provide the best possible service year-round under the new ownership, enhancing its reputation as the Wirral’s largest and most trusted taxi company, focusing on further investment in technology.

Karen Long, CityFleet’s general manager in the North West, said: “This deal between CityFleet and Argyle Satellite presents us with a strong brand, a robust business and a great opportunity to grow and invest in an area that is very close to our hearts, having already acquired Mersey Cabs, which is now ComCab Liverpool. 

"I joined the company almost 30 years ago. CityFleet acquired MerseyCabs in 2008, so I have also seen first hand the benefits that a merger can have on a company in this sector.”