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SYDNEY, Feb 1 AAP

February 01 2013, 10:13AM

Taxi payments operator Cabcharge has bought the Queensland taxi company Maxi Taxi (Australia) for less than $5 million.

Maxi Taxi (Australia) holds 11 taxi licences and five limousine licences for areas in Brisbane, regional Queensland cities and the ACT.

Cabcharge's acquisition includes the Maxi Taxi trademark which, it said, it would use to promote the Maxi Taxi brand around Australia.

Cabcharge said the purchase price and would not have a material impact on earnings.

The company also owns several other tax operators, including Black Cabs in Melbourne.