24th Oct 2006 14:00
Go-Ahead Group PLC24 October 2006 For release at 2.00pm on 24 October 2006 The Go-Ahead Group plc ("Go-Ahead" or the "Group") Acquisition of Marchwood Motorways (Southampton) Limited and Marchwood Motorways (Services) Limited (together, "Marchwood Buses") Go-Ahead announces that Solent Blue Line, its wholly owned subsidiary, hasacquired Marchwood Buses, an independent bus and coach operator in theSouthampton conurbation, for a total cash consideration of £3.0 million and theassumption of £1.4 million of net debt at completion. Marchwood Buses operates afleet of approximately 51 vehicles and is a franchisee of Solent Blue Line. Thebusiness generated operating profit of £535,000 on revenue of £4.1 million inthe year ended 31 March 2006. The acquisition will, together with the Group'sexisting bus operations, give Go-Ahead critical mass in the Southampton region. For further information, please contact: The Go-Ahead Group plcKeith Ludeman, Group Chief Executive 020 8929 8650Ian Butcher, Group Finance Director 0191 232 3123 Weber Shandwick Square Mile (WSSM) 020 7067 0700Richard Hews/Rachel Taylor/Stephanie Badjonat Note to Editors: Go-Ahead is a key operator of commuter services in London and the South East.Through Govia, it is the franchise holder for Southern and Southeastern. Bus services include London Central and General, companies in North East England,West Midlands, Oxford, Brighton, Poole, Bournemouth, Southampton, Isle of Wightand routes in the Gatwick Airport and Crawley conurbation. The aviation and carparking businesses have nationwide coverage. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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