# FirstGroup acquires coach operator, Anderson Travel

- Link: https://www.directorstalkinterviews.com/firstgroup-acquires-coach-operator-anderson-travel/4121174646
- Published: 2024-10-21T07:57:04+01:00
- Author: Amilia Stone

**FirstGroup plc **(LON:FGP) has announced that it has acquired Anderson Travel,
a central London based coach company comprising three trading entities, Anderson
Travel Limited, Anderson Tours Limited and London Mini Coaches Limited.  

 * FirstGroup has acquired Anderson Travel, a highly experienced coach operator 
   providing contracted school, private hire, mini coach and tour services in and
   around London
 * The operator has c.40 coaches of varying sizes with bases in central London and
   Heathrow
 * The acquisition will extend First Bus’ operational footprint and forms part of
   the Group’s strategy of targeted acquisitions to grow its share of the UK adjacent
   services market

Anderson Travel currently operates c.40 coaches of varying sizes in and around London
from a depot near Tower Bridge in central London and a new, smaller depot near Heathrow
airport. Operations include school and other private hire contracts in London, contracted
mini coach operations around Heathrow airport, a day trip excursion programme aimed
at international visitors run out of London daily, and a private group tour offering.
For the year ended 30 June 2023, Anderson Travel reported revenues of £7.3m and 
EBIT of £1.0m.  

Mark Anderson, the founder and majority owner of Anderson Travel, will continue 
to lead the day to day operations of the business as it is integrated into First
Bus. 

> **Graham Sutherland, FirstGroup Chief Executive Officer said:**
> “The acquisition of Anderson Travel, an experienced and profitable coach company,
> builds on our recent strategic acquisitions in the B2B and B2C coach market. We
> will continue to identify and assess opportunities to diversify and grow as we
> increase our share of the adjacent services market in the UK, where we see considerable
> opportunity for stable, long-term and value accretive growth.”

The Group expects to report its results for the 26 weeks to 28 September 2024 on
14 November 2024.

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