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Legend completes the acquisition of Budgetcars Pte Ltd and its sister company, CFI Transport Pte Ltd

28 February 2023

Legend Logistics Limited and its subsidiaries (collectively “Legend Group”) are pleased to announce that our subsidiary Legend Integrated Logistics Pte Ltd (“Legend Integrated”) has completed the acquisition of Budgetcars Pte Ltd and its sister company, CFI Transport Pte Ltd (collectively known as “BGC”), leading last mile delivery companies that specialise in fast and reliable delivery services. This acquisition marks a significant milestone for the Group as we continue to expand our reach and capabilities in the logistics industry.

Founded in 2016, BGC has grown to become the largest wholly-owned asset last mile delivery company in Singapore, boasting an impressive fleet of 105 vehicles consisting of vans, trucks, prime movers and trailers. BGC’s strong collaboration with e-commerce and wholesale international industry giants allows Legend Group to leverage and develop our partnerships with these key industry leaders.

The acquisition of BGC allows us to enhance our first and last mile delivery capabilities, expand into the business-to-consumer market, and offer a more comprehensive suite of services to our customers and partners, creating a truly integrated logistics ecosystem and solidifying our position as a leader in the industry.

Legend Group is excited about the potential and opportunities this acquisition presents for continued growth and expansion, especially in the Electric Vehicle (EV) segment. Just recently, Legend Group took a big step towards sustainability with our recent purchase of 20 new electric vans, aiming to gradually replace our entire fleet and fully adopt EVs to develop and promote a more sustainable first and last mile delivery service in line with the Singapore Green Plan 2030.

We are committed to providing exceptional service and value to our customers, and this acquisition is just one example of our dedication to that goal.