Stagecoach spends £12m on Wigan service
31st October 2012
STAGECOACH has bought rival transport operator First's Wigan bus business for £12m.The division, which operates public services and school contracts, employs 300 people.In the year to March 31 it made an operating profit of £1.5m on revenues of £13.2m. Earnings before interest, tax, depreciation and amortisation were £2.2m.The acquisition, conducted through Stagecoach's Greater Manchester Buses East subsidiary, includes the Locket Road depot, as well as some leased premises in Wigan bus station, staff facili......for the full story register now for free or login below...
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