20 February 2012
Go-Ahead Group is pleased to announce the forthcoming acquisition of Carousel Buses Limited, based in High Wycombe, Buckinghamshire. The acquisition will take place on Saturday 3 March 2012.
Carousel currently operates around 50 buses in the Wycombe area and runs services to Heathrow Airport, Uxbridge, Chesham and Watford. The company mainly operates a mix of commercial bus services and schools bus contracts.
David Brown, Group Chief Executive said: "Carousel fits perfectly with our strategy of acquiring innovative, well-managed businesses which have a strong commercial core and can provide a solid basis for increasing passenger numbers. We are pleased to be taking on a bus company which prides itself on running a safe, reliable, affordable and customer focused service.
"In 2011 we acquired Thames Travel which was a similar size business and has been highly successful since joining the group, with significant tender wins. It has also successfully converted several services which were subsidised by local authorities into commercial services. Thames Travel has retained its own identity and prospers under our devolved business model. I am confident that we can repeat this success with the purchase of Carousel."
The current owners of Carousel, Steve Burns and John Robinson, will step back from day-to-day operation on acquisition, and will act as advisers to the new owners. Carousel will be run by the Oxford Bus Company director team under the leadership of Managing Director Philip Kirk.The company will retain its existing brand identity.
For further information, please contact:
|Samantha Hodder, Interim Group Corporate Affairs Director
||020 7821 3927
Go-Ahead is a leading UK public transport operator, providing high quality services in the bus and rail sectors. Employing around 22,000 people across the country, over one billion passenger journeys are undertaken on our services each year. We are committed to operating our companies in a safe, socially and environmentally responsible way and are proud to have been awarded the Carbon Trust Standard after taking action on climate change. In addition to the travelling public, our customers include the Department for Transport, Transport for London (TfL) and local authorities.
Go-Ahead is one of the UK’s largest bus operators. With a fleet of around 3,900 buses, we carry, on average, around 1.7 million passengers every day. Our operations are focused on high density commuter markets. We have a strong presence in London, with around 21% market share, where we provide regulated services for TfL. We operate deregulated services in Oxford, East Anglia, the South East, Southern and North East England. We also have a yellow school bus joint venture in North America.
Our rail division operates the Southern (including Gatwick Express), Southeastern and London Midland franchises through our 65% owned subsidiary Govia. It is the busiest rail operation in the UK, responsible for nearly 30% of all UK passenger rail journeys. In December 2009, Southeastern began operating the UK's first high speed domestic rail service between Kent and London, significantly reducing journey times.