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Acquisition

16th May 2008 17:55

RNS Number : 7153U
Stagecoach Group PLC
16 May 2008
 



Stagecoach Group plc

16/05/2008

Acquisition of Highland Country Buses Ltd and Orkney Coaches Ltd

Stagecoach Group plc ("Stagecoach") is pleased to announce that on 16 May 2008 it completed the acquisition of Highland Country Buses Ltd and Orkney Coaches Ltd from Rapsons Coaches Ltd.

The business acquired, which operates bus and coach services in the Highlands, Skye and Orkney, has an annual turnover of approximately £12.5 million, employs around 400 people and runs a fleet of around 200 vehicles. 

The purchase includes bus depots in Inverness, Aviemore, Fort William, Portree, Thurso, Wick and Orkney, plus a number of outstations. 

Robert Andrew, Regional Director, Stagecoach Scotland, said: "We are delighted to have completed this acquisition, which will complement our existing high-quality bus operations in the North of Scotland.
"We already have one of the youngest bus fleets in Scotland, with high levels of customer satisfaction and a strong track-record of investment, and we look forward to improving services to customers in the months ahead.

"The newly-acquired services will be operated under the Stagecoach brand and we would like to welcome our new employees to the company."

ENDS

 

For further information, please contact:

Steve Stewart, Director of Corporate Communications

Tel: 01738 442111

Mobile: 07764 774680

E-mail: [email protected]

 

NOTE TO EDITORS

Stagecoach Group is a leading international public transport group, with extensive operations in the UK, United States and Canada. The company employs 30,000 people, and operates bus, coach, rail, and tram services. Stagecoach operates around 370 vehicles in the North of Scotland across an area from Stonehaven to Tain.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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