Bus company expands operations with £2m acquisition
Bus and coach business Rotala has expanded its operation with the acquisition of a rival West Midlands operator in a deal worth almost £2m.
Tividale-based Rotala has invested £1.95m buying up the entire bus business, bus brand and 31-strong vehicle fleet of Central Buses, part of the CEN Group.
The consideration is being funded from Rotala's existing debt facilities.
Rotala estimates that the Central business, which is based in Perry Barr, has annual revenues of approximately £2.8m and that its vehicle fleet has a fair val... You can carry on reading TheBusinessDesk.com 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...