Coach company expands with £1m acquisition deal

Deal is being funded with the proceeds of a £3.5m shareplacing
Bus and coach company Rotala is set for further expansion after agreeing a new acquisition deal. The West Midlands company said it had reached an agreement to acquire Manchester-based bus and minibus business, Go Goodwins in a deal worth expected to reach £1m. Goodwins comprises 18 buses and a freehold property in the Manchester area. It also benefits from bus service contracts with Transport for Greater Manchester. While the initial assets will be dealt with in terms of a cash payment of £692,000, the total expected cost i... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...