LONDON: FirstGroup plc has acquired Anderson Travel, a central London based coach company comprising three trading entities, Anderson Travel Limited, Anderson Tours Limited and London Mini Coaches Limited.
Anderson Travel currently operates c.40 coaches of varying sizes in and around London from a depot near Tower Bridge in central London and a new, smaller depot near Heathrow airport.
Operations include school and other private hire contracts in London, contracted mini coach operations around Heathrow airport, a day trip excursion programme aimed at international visitors run out of London daily, and a private group tour offering. For the year ended 30 June 2023, Anderson Travel reported revenues of £7.3m and EBIT of £1.0m.
Mark Anderson, the founder and majority owner of Anderson Travel, will continue to lead the day to day operations of the business as it is integrated into First Bus.
Graham Sutherland, FirstGroup Chief Executive Officer said: “The acquisition of Anderson Travel, an experienced and profitable coach company, builds on our recent strategic acquisitions in the B2B and B2C coach market. We will continue to identify and assess opportunities to diversify and grow as we increase our share of the adjacent services market in the UK, where we see considerable opportunity for stable, long-term and value accretive growth.”
The Group expects to report its results for the 26 weeks to 28 September 2024 on 14 November 2024.