Back to top of page
Lytx - Award 2019
Back to previous page
April 17 2019
By Tim Deakin

Tim is Editor of routeone and has worked in both the coach and bus and haulage industries. owner buys Momentum Hub now works with over 1,500 coach and minibus operators

Transport2 (UK), the company behind the platform, has purchased the business and assets of Momentum Hub following an investment of £5.75m from Souter Investments over the past 14 months.

The acquisition means that will provide services to more than 2m passengers within the corporate, education and leisure sector via more than 1,500 coach and minibus operators.

Says CEO Matthew Hassell: “This deal will provide us with the scale that we need to maintain the pace we have set as an innovator and leader within the Mobility as a Service sector.

“Acquiring the Momentum brand also demonstrates our commitment to becoming the market leader for group transport.”

He adds that the deal will allow to invest more resources in driving innovation. Its existing technology allows it to employ a ‘right vehicle, right journey’ policy where capacities are optimised.

It is also the UK’s largest provider of managed home-to-school solutions.

More like this...

Millbrook 2019