Purchase of London Sovereign consolidates business, says group

RATP Dev completed its long rumoured purchase of Transdev’s London Sovereign bus business this week in a move that the group says will significantly consolidate its bus business in the capital.

It reunites RATP Dev’s existing London United business with London Sovereign, both of which were managed as one operation by Transdev until its merger with Veolia in 2011. As part of the merger agreement RATP Dev acquired London United with Transdev retaining ownership of the smaller 140-vehicle business.

London Sovereign operates twelve routes on behalf of Transport for London within central and North West London. In conjunction with the London United business and the smaller Quality Line operation acquired in 2012, the purchase means that RATP Dev has built a substantial business in the capital in just over three years. It now operates over 1,000 buses on 81 contracted bus routes.

RATP Dev executive board president, François-Xavier Perin, said that the acquisition of London Sovereign was “confirmation of the dynamic drive of RATP Dev operations in the United Kingdom, where we generated some £ 250m of revenue in 2013 with a workforce of over 4,500, making it our largest single market”.

Timothy Jackson, chief executive of  RATP Dev’s Great Britain & Ireland business unit, said that he was keen to begin working with the staff in place at London Sovereign.

“We look forward to pooling knowledge and best practices within our operations to offer passengers the highest quality service and ensure that we meet the expectations of TfL which are among the most demanding in the world,” he added.

 

This article appears inside the latest issue of Passenger Transport.

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