21st Dec 2006 09:15
Go-Ahead Group PLC21 December 2006 For release at 9.15am on 21 December 2006 The Go-Ahead Group plc ("Go-Ahead") Acquisition of PAS Direct Limited and PAS Gatwick Limited (together, "PAS") Go-Ahead announces that it has, through its subsidiary Meteor Parking, acquiredPAS, a provider of valet parking services at Gatwick airport, for a total cashconsideration of up to £1.6 million, including debt. Established some twentyyears ago, PAS operates under two principal brands, PAS and Boomerang, and usesthree off-airport parking sites. The business generated a modest profit onrevenue of £1.1 million in the year ended 31 March 2006. PAS will be integratedwith Meteor's existing valet parking business at Gatwick. - Ends - 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. Busservices 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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