FirstGroup Acquires Anderson Travel in Central London

FirstGroup, a major player in the UK's transportation sector, has acquired Anderson Travel, a coach operator located near London, as part of its strategy to bolster its FirstBus division. This acquisition was completed for an undisclosed amount, with estimates suggesting a figure in the high single digits. The deal not only enhances FirstGroup's coach operations but aligns with its broader goal of expanding and diversifying its service offerings within the UK market. Anderson Travel operates around 40 coaches primarily serving Central London and Heathrow Airport, contributing to revenues of £7.3 million and earnings before interest and tax of £1 million for the year ending June 2023. The group's founder, Mark Anderson, will continue to oversee daily operations, ensuring continuity during the integration process within First Bus. This action follows FirstGroup's recent acquisitions, including York Pullman and Essex-based Ensign Bus, highlighting a concerted effort to strengthen its presence in the B2B and B2C coach market. Graham Sutherland, FirstGroup's CEO, emphasized the potential for long-term growth within adjacent services as the company looks to increase market share. The acquisition is particularly salient against the backdrop of expected governmental shifts, such as the potential renationalization of the UK railway system under a new Labour Government. Thus, FirstGroup's strategic moves are aimed at solidifying its position in a transforming transportation landscape while preparing for potential challenges in the rail sector.