NAT Group sold to Comfort Delgro

[winston]

Hot on the heels of Rotala's latest Central Buses acquisition, Comfort Delgro are now expanding outside of London in to South Wales with the purchase of NAT Group for £13.4 million including 117 buses & coaches / 4 depots.

http://www.route-one.net/articles/Business_deals/ComfortDelGro_buys_New_Adventure_Travel

The agreed sale price seems quite tall....

[Tony]

Hot on the heels of Rotala's latest Central Buses acquisition, Comfort Delgro are now expanding outside of London in to South Wales with the purchase of NAT Group for £13.4 million including 117 buses & coaches / 4 depots.

http://www.route-one.net/articles/Business_deals/ComfortDelGro_buys_New_Adventure_Travel

The agreed sale price seems quite tall....

NAT do have a lot of modern buses, so I presume a lot of the price is the value of the vehicles

[markcf83]

New Adventure operate in my part of the country. Most of the fleet is ten years old or considerably newer.

[winston]

NAT do have a lot of modern buses, so I presume a lot of the price is the value of the vehicles

I knew they had quite a few new/nearly new buses, it must be the coach values that are bumping the price up, unless any premises are owned?

If you use the Central Buses value per vehicle as a guide (which is also a modern fleet), it is virtually double.