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Transdev acquire Yellow Buses
Transdev plc completed the deal with Bournemouth Borough Council to purchase Yellow Buses, the Bournemouth-based municipal bus operator, on Saturday, 17 December 2005.
The deal to buy Yellow Buses, the trading name of Bournemouth Transport Ltd, involves the Council continuing to have a board level role in the business, thus continuing Transdev’s aim of strategic partnering with local authorities to deliver quality transport services.
Commenting on the transaction,
Francois-Xavier Perin, Chief Executive of Transdev plc said:
“
We are delighted to have finalised the deal with Bournemouth Borough Council
and I look forward to welcoming Yellow Buses employees into the Transdev
Group. Yellow Buses has been serving the community of the Bournemouth area
for more than a hundred years and we are committed to enhancing and modernising
the bus service for the benefit of residents and visitors.”
Transdev's premier role as a quality transport group has been underlined by a string of awards in the UK. These include Transdev-owned London United being named Operator of the Year in the 2004 and 2005 London Transport Awards, Nottingham City Transport and London United being named winner and runner-up respectively in the Bus Industry Awards 2004, and NET (Nottingham Express Transit), in which Transdev is a key partner, being awarded the 2005 Public Private Partnership Achievement of the Year by Municipal Journal.