Stagecoach, one of the UK’s largest bus operators, has completed its second deal in as many months with the acquisition of Preston Bus.

Stagecoach, one of the UK’s largest bus operators, has completed its second deal in as many months with the acquisition of Preston Bus. The transaction comes on the back of the purchase of Eastbourne Buses, which was acquired from Eastbourne Borough Council in December.

The terms of the two deals have not been disclosed. Preston Bus has a fleet of 120 vehicles and some 300 employees, with an annual turnover of £11 million. Stagecoach already operates 160 vehicles in the area; however, the merger of the two operations aims to integrate services, bringing more flexible travel for passengers.

Les Warneford, Stagecoach MD, said: “We are delighted to have acquired Preston Bus, which is a well-run business that is an excellent fit with our existing operations. We will be looking to build on the strengths and goodwill of the company to give local people access to a more integrated, sustainable, comprehensive, high-quality and affordable bus network.”

Last year, Stagecoach reported pre-tax profits of £105 million, up from £84.6 million in 2007. The company has said that higher household bills and environmental awareness are driving solid growth.