By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
routeonerouteonerouteone
  • News
    • Show all
    • Awards & Events
    • Deliveries
    • Environment
    • Exhibitor News
    • Euro Bus Expo 2024
    • Features
    • Legal
    • Minibus and minicoach
    • Operators
    • Opinion
    • People
    • Suppliers
    • Vehicles
  • Vehicles
    • Find a Vehicle
    • ZEV Comparison Tool
    • Sell a Vehicle
    • Vehicle Seller Dashboard
  • Insights
  • Careers
  • Events
    • British Tourism & Travel Show
    • Euro Bus Expo
    • Innovation Challenge
    • Livery Competition
    • routeone Awards
  • Advertise
  • Contact
    • Share your news
    • Subscribe
    • Update Subscription Details
  • Latest Issue
  • SIGN UP
Reading: Transport UK Group MBO of Abellio UK completes
Share
Notification Show More
Font ResizerAa
Font ResizerAa
routeonerouteone
  • News
    • Show all
    • Awards & Events
    • Deliveries
    • Environment
    • Exhibitor News
    • Euro Bus Expo 2024
    • Features
    • Legal
    • Minibus and minicoach
    • Operators
    • Opinion
    • People
    • Suppliers
    • Vehicles
  • Vehicles
    • Find a Vehicle
    • ZEV Comparison Tool
    • Sell a Vehicle
    • Vehicle Seller Dashboard
  • Insights
  • Careers
  • Events
    • British Tourism & Travel Show
    • Euro Bus Expo
    • Innovation Challenge
    • Livery Competition
    • routeone Awards
  • Advertise
  • Contact
    • Share your news
    • Subscribe
    • Update Subscription Details
  • Latest Issue
  • SIGN UP
Have an existing account? Sign In
© 2024 routeone News | Powered by Diversified Business Communications UK Ltd
- Advertisement -
-
routeone > Bus > Transport UK Group MBO of Abellio UK completes
BusBusiness dealsNewsOperatorsTop Story

Transport UK Group MBO of Abellio UK completes

Tim Deakin
Tim Deakin
Published: February 28, 2023
Share
Abellio UK MBO by Transport UK Group completes
SHARE

A management buyout of Abellio UK from Dutch shareholder Nederlandse Spoorwegen to create Transport UK Group completed on 28 February. The deal captures all existing Abellio operations here, including over 60 bus routes delivered on behalf of Transport for London and rail replacement and Event Connect work.

Agreement on the MBO was reached in August 2022. It has since been awaiting regulatory approval. In addition to coach and bus services, Transport UK Group also runs a number of railway contracts.

The Abellio brand will remain in operation in the short term for parts of the business, including via Abellio London Bus, the company says in a statement. It has underlined its long-term commitment to both bus and rail services, and adds that it will contribute to the debate on wider rail industry reform.

Managing Director Dominic Booth led the deal. Mr Booth – who previously described himself as “having been a railwayman all my life” – took up leadership of Abellio UK in 2007. He has enjoyed a 36-year career in public transport and counts British Rail, Connex, Prism Rail and National Express as previous employers.

Nederlandse Spoorwegen is entirely owned by the Dutch government. Approval for the MBO has been received from partners including the Department for Transport, Transport for London, and Merseytravel. Consent from the Office for Rail and Road is expected within 28 days of the deal closing.

Speaking about completion of the buyout, Mr Booth says: “We are thrilled to return key public transport services back into UK ownership.

“While our name will change to Transport UK Group, our values remain the same. We will continue to play a key role in the country’s transport sector, ensuring the provision of our award-winning services to passengers around the UK and driving innovation to develop a low-emission UK transport network.”

Share This Article
Facebook LinkedIn Threads Email Copy Link
ByTim Deakin
Tim is Editor of routeone and has worked in both the coach and bus and haulage industries.
Previous Article Jeff Counsell Jeff Counsell retires after almost 50-year industry career
Next Article CPT extends Cost Monitor to coach sector CPT Cost Monitor extended to coach segment
- Advertisement -

Latest News

New non zero emission coach and bus consultation summary of responses published
New non-ZE coach and bus sales end date progress still lacking
News
Alexander Dennis Enviro100EV with Go Coach
Enviro100EV performs well in Go-Coach two-week demonstration
News
First Travel Solutions delivers 2025 British Grand Prix shuttle service
First Travel Solutions delivers British Grand Prix shuttle service
Suppliers
Wales under-22 bus scheme: Reimbursement update
Wales under-22 bus scheme: Reimbursement update
Bus
- Advertisement -
-

routeone magazine is the indispensable resource for professional UK coach, bus and minibus operators. The home of vehicle sales and the latest bus and coach job vacancies, routeone connects professional PCV operators with complete and unrivalled news coverage.

  • Terms & Conditions
  • Privacy Policy
  • GDPR Policy
  • Sustainability
  • Advertise
  • Latest Issue
  • Share Your News
routeonerouteone
Follow US
© 2024 routeone News | Powered by Diversified Business Communications UK Ltd