- TIBS Holdings
company_name = TIBS Holdings Ltd
company_type = Defunct / Acquired
Singapore, May 31 1982
Ang Mo Kio, Singapore
num_employees = 2,000 (2000) | revenue =
homepage = [http://www.tibs.com.sg www.tibs.com.sg] ("Defunct")
Trans-Island Bus Services (TIBS) was incorporated on
May 31, 1982after the Singaporegovernment proposed the formation of another bus service company to compete with Singapore Bus Services (now SBS Transit) in 1981.
TIBS began its services on
April 3, 1982with 37 Hino RK176 buses north-plying two routes taken over from Singapore Bus Services when the government gave the company exclusive operating rights in the northern towns of Sembawang, Woodlands and Yishun.
March 12, 1987, TIBS acquired Singapore Shuttle BusPte Ltd, a bus operator with limited routes serving mainly the city area. The next day, on March 13, TIBS became a public listed company on SESDAQ.
May 2, 1990, TIBS Taxis Pte Ltd, a subsidiary of TIBS, was formed to operate taxi services. It is the only company in Singapore to operate a fleet of entirely large capacity taxis. It also operates the world-famous Londontaxis.
Another subsidiary, TIBS Motors Pte Ltd, was set up in 1990 to provide workshop services and carry out business as a distributor and agent for some motor vehicles.
In 1991, TIBS underwent a restructuring, bringing its subsidiaries under TIBS Holdings Ltd.
In 2001, it merged with Singapore MRT and became a subsidiary of the
May 10, 2004, in a S$2.5 million rebranding exercise the name "TIBS" was changed to SMRT BusesLimited (bus services) and SMRT Taxis(taxi services). The livery of all buses were subsequently painted to red from yellow.
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