First buys Truronian

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A topic from Vehicles & Transport: Buses and Coaches

tigg_in_brumThu 14/02/08 20:51

Another independent bites the dust...

"12th February 2008

FIRST TO ACQUIRE TRURONIAN

One of Cornwall's most successful public transport operators over the past two decades is set to change hands. First Devon and Cornwall Ltd, part of FirstGroup plc, the UK's largest bus and rail operator, has announced its intention to acquire Truronian Ltd.

Truronian operates a number of local bus services as well as coach holidays and coach hire and is being sold by its owners, Geoff Rumbles and David Rabey.
'Since launching Truronian Ltd in 1987 we have worked immensely hard to build a company that our passengers can respect and trust,' said managing director Mr Rumbles.

'The opportunity to be part of the UK's largest surface transport company is definitely good news all round.'

Marc Reddy, managing director of First Devon and Cornwall, commented: 'This is a hugely exciting time for both First and Truronian and I see this acquisition as a good and natural fit for both businesses.

'Not only is this great news for the local economy but Truronian customers will soon have the UK's largest transport company alongside them on their every journey.'

Truronian has some 70 vehicles, comprising around 50 buses and 20 coaches.

The company currently operates a number of high profile services, such as the Eden Project Park and Ride, as well as local bus services in Cornwall. It also undertakes National Express operations and offers executive coach hire as well as UK and European coach holidays. The transaction is subject to clearance from the Office of Fair Trading and completion of the due diligence process, after which the acquisition can take place.

Truronian has launched a number of innovative rural projects, all earning national recognition, and won a series of prestigious awards culminating in the 'Public Transport Operator of the Year' accolade at the 2003 National Transport Awards.
Truronian's staff level has risen over the years to its present highest-ever number of around 200.

Prior to Truronian, Mr Rumbles and Mr Rabey were the senior managers of Western National before its privatisation."

http://www.truronian.co.uk/index.cfm?articleid=222

Didn't see this one coming, especially given First's previous problems in Cornwall.

seasideguy49Thu 14/02/08 22:11

Well at least it is better than small independents that start up in and around Brighton. The big boy Brighton and Hove Buses I in Birmingham its Diamond Buses) declare war, reduce fares and drive them off the road. Last victim was Lemon Bus which ran on recycled cooking oil!

I susppose Cornwall ought to be grateful perhaps?

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