SYDNEY, AUSTRALIA: Jayride Group has completed the acquisition of AirportShuttles.com assets, a leading top level domain name and website for online airport shuttle bookings in the US.
Group co-founder and Managing Director, Rod Bishop, said “We are very pleased to have completed the acquisition of the AirportShuttles.com assets, and also to have efficiently completed our integration and received our first bookings ahead of the Northern Hemisphere summer peak season.
“The integration and testing were efficiently completed due to our familiarity with the AirportShuttles.com website, having previously been the exclusive supplier to the website.
“The assets we have acquired are a compelling fit with our growth strategy to build the world’s leader in rides for travellers. The traffic to the website enhances the scale of our group, particularly in the United States, and accelerates our path to cash flow positive.”
Group had entered into an asset purchase agreement to acquire the Assets of AirportShuttles.com for US$215K.
Jayride Group was exclusive supplier of rides to AirportShuttles.com pre-pandemic with AU$0.49 net revenue to Jayride for every AirportShuttles.com website session. AirportShuttles.com received 1 million website sessions over the past 12 months.
Jayride has a clear plan to monetise this website traffic by re-implementing the Jayride booking system, to book Jayride rides at AirportShuttles.com website.