Tuesday 26 February 2013

Stagecoach Acquisition Approved

The OFT has decided, on the information currently available to it, not to refer the following merger to the Competition Commission under the provisions of the Enterprise Act 2002: 

Completed acquisition by Stagecoach plc of the business and assets operated from the Lockett Road, Wigan depot of First Manchester Limited

The text of this decision will be placed on the Office of Fair Trading's website at www.oft.gov.uk as soon as is reasonably practicable.

Focus Comment - An outbreak of common sense! 
Stagecoach have a good track record of absorbing companies and spreading the benefits of competitive fares and offers. The Office of Fair Trading are now hopefully realising that the bus industry operates in a competitive way in relation to other choices of transport, the main one being the private car.
Daily, weekly and monthly ticket offers combined with features such as high frequency services and WiFi are all helping to win new customers and to underpin services for existing customers.