HIG Capital defends the taxi business – Västerbotten Courier

Private equity firm HIG Capital reject the union’s criticism of its purchase of Fågelviks group, which controls large parts of the Swedish taxi market.

The union fears that the new owner will push drivers leading to poorer service. The deal also raises amazement as the industry according to the union tussle with small margins.

But HIG Capital intends to make money by investing in new technologies that create growth and increase service levels.

– We get no good driver if we lower wages, we get no good driver if they’ll run around the clock and we get no good racers if we give them bad terms. So we need to reverse it where reasoning, says spokesperson Ole Oftedal.