Grab and Gojek could merge in the upcoming year of 2021. The representatives of two companies have met each other and had a bargain about the merging of Grab and Gojek.
Though Grab representative denied to discuss further, the logistics and technology solutions brand can merge with its big rivalry – Gojek. If the merging happens, Anthony Tan – Grab co-founder – will become the new company’s chief executive officer. Both Grab and Gojek aimed to become a public company which can help them raise the value of the company into the next level.
The development of Grab and Gojek in Indonesia, and other Southeast Asia nations such as Vietnam, Malaysia, and Singapore are tremendous. But if the two companies merge into one, the market value of them will rocket. However, the representative of Grab refused to say anything further about the merging between two companies.
“We don’t comment on market speculations, so no comment on this,” representative of Grab said.
The merging process of both companies will be a huge revolution of the logistics industry. Nonetheless, the anti-competition action of two companies can suffer a punishment from the authority. When Grab merged with Uber in 2018, the company suffered from a penalty fee that worth S$13 million by the Competition and Consumer Commission of Singapore (CCCS).
Recently, Grab in Indonesia also struggled with the punishing fee that worth S$4.7 million for discriminatory practices against drivers. The Business Competition Supervisory Commission (KPPU), Indonesian anti-monopoly swat, found that Grab Indonesia gave more privilege towards drivers who use vehicles from PT Teknologi Pengangkutan Indonesia (TPI). The monopoly action was immediately tackled by the KPPU.
Anyway, it is going to be an interesting news to see the merging of Grab and Gojek. What an action.