FirstGroup has bought coach firm Anderson Travel for an undisclosed fee, bolstering its FirstBus division. Acquisition: FirstGroup has bought coach firm Anderson Travel for an undisclosed amount to help bolster its FirstBus divisionIn the year ending June 2023, it achieved £7.3million in revenues and £1million in earnings before interest and tax. FirstGroup's latest takeover comes after it bought York Pullman, which comprises five coach services brands, in March and Essex-based Ensign Bus last year. Graham Sutherland, chief executive of FirstGroup, said the deal 'builds on our recent strategic acquisitions in the B2B and B2C coach market'. FirstGroup has been expanding its coach operations amid expectations that the new Labour Government will renationalise Britain's railway network.

Source: Daily Mail October 21, 2024 12:43 UTC