Aberdeen-based First Group has confirmed the acquisition of UK coach company Anderson Travel this morning.
Anderson Travel currently operates 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.
Its 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.
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."
For the year ended 30 June 2023, Anderson Travel reported revenues of £7.3million and EBIT of £1million.
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.
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