The Go-Ahead Group, a provider of passenger transport services, has agreed to acquire the assets of Arriva’s bus interests in Horsham for £5 million in cash.
The Go-Ahead Group, a provider of passenger transport services, has agreed to acquire the assets of Arriva’s bus interests in Horsham for £5 million in cash.
The acquired assets will include a fleet of 19 vehicles and 58 employees, and will operate as part of Metrobus, Go-Ahead’s bus operation. Metrobus provides bus services in Sussex, Surrey and Kent including regulated services for Transport for London (TfL). The deal is expected to be completed by the beginning of October 2009.
Keith Ludeman, group chief executive of Go-Ahead, said: ‘The acquisition of Arriva’s bus interests in Horsham provides Go-Ahead with another opportunity to further develop Metrobus’ high quality service offer and benefits to passengers.’
In the six months ending December 2008, revenue increased by 19 per cent to £1.2 billion and pre-tax profits increased by one per cent to £58.9 million.
