Bus depot purchase may lead to new jobs

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Stagecoach: £4.5million pound deal could create new jobs©Phototransport 

Glenvale Transport, a subsidiary of the Stagecoach group, has paid £4.5million for First Bus services in the Merseyside area.

There is a significant chance that the acquisition will provide more jobs for the area, with Stagecoach hoping to add more services to the ones that it already provides.

Around 290 staff will transfer to Glenvale Transport business under the arrangements of the deal. Assets included in the deal are 110 vehicles as well as a depot site on New Chester Road in Birkenhead and another site in North Wales.

Les Warneford, managing director of Stagecoach UK Bus, said: “This acquisition will extend our operations in the North West of England, particularly in Merseyside. We believe there is significant scope to develop these businesses and improve their financial performance by investing in the quality of the bus fleet, as well as offering customers our good value fares and attractive network tickets.”

Stagecoach said in a statement: “The acquisition will allow Stagecoach to expand its successful bus operations in the North West where our Merseyside and South Lancashire business already operates more than 300 buses and employs more than 900 staff.”

About Joe Lanigan-Smith, JMU Journalism