LONDON: FirstGroup plc has announced its acquisition of RATP Dev Transit London Limited and its subsidiaries from RATP Développement SA for an enterprise value of £90 million. This strategic move marks FirstGroup’s entry into the competitive London bus market with a strong position. RATP London, one of the leading bus operators in the capital, holds…
Tag: FirstGroup
FirstGroup acquires Lakeside Coaches, Merediths Coaches and A. T. Brown Coaches
LONDON: FirstGroup plc has acquired Shropshire-based Lakeside Group comprising well recognised local brands Lakeside Coaches, Merediths Coaches and A. T. Brown Coaches. Lakeside operates a fleet of c.145 buses and coaches of various sizes primarily from a central, owned depot in Ellesmere, Shropshire and from five smaller depots – one owned in Shrewsbury and the others leased…
FirstGroup wins London cable car contract
LONDON: FirstGroup plc has been awarded the contract by Transport for London (TfL) to operate the IFS Cloud London Cable Car that links the Greenwich Peninsula with the Royal Docks area on the north bank of the River Thames. The contract will commence on 28 June 2024 and has an initial core five-year term with…
FirstGroup signs National Rail Contract for GWR
LONDON, UK: FirstGroup plc announced the agreement of a National Rail Contract (‘NRC’) with the Department for Transport (‘DfT’) for its Great Western Railway (‘GWR’) train operating company. The new NRC will commence on 26 June 2022, when GWR’s current contractual agreement ends. The NRC for GWR has a core three-year term to 21 June…
FirstGroup sells Greyhound for $172mn, focusses on UK public transport
LONDON, UK: FirstGroup plc announced the sale of Greyhound Lines Inc. to a wholly-owned subsidiary of FlixMobility GmbH, completing its stated strategy to focus on its leading UK public transport businesses. Commenting, David Martin, FirstGroup Executive Chairman said: “Greyhound is an iconic business which has been at the heart of North American life for more…
New funding of £226.5 million will reinforce delivery of local bus services across England
LONDON, UK: FirstGroup plc cheered the announcement by the Department for Transport (‘DfT’) of a bus recovery funding package to support the provision of vital services by regional bus operators in England as pandemic restrictions ease. The new funding of £226.5m over six months will reinforce delivery of local bus services across England as passenger…