Rotala - Prestonbus

[Mayneway]

RE: Rotala buys Elite minibus

(15/07/2016 19:36)DOG101 Wrote:  Blackpool Gazette reports that Rotala Preston bus have purchased small Blackpool coach company Elite Minibus. Possible further expansion into the Fylde?[/i]


A fylde coach and minibus company has been snapped up by the company which runs Preston’s buses.

Birmingham-based Rotala has invested £200,000 to buy Elite Minibus and Coach Services.

The firm based in Feltons Yard, Higher Moor Road, Blackpool, has a range of four to 53 seater vehicles and has been established on the Fylde for 28 years.

In a statement to the stock market, Rotala said: “This acquisition will broaden the range of services which Preston Bus is able to offer in this area of Lancashire and add to its geographical reach.”

Last month it raised £2.4m through a share placing to have a fighting fund for new acquisitions.

Rotala has had a turnover in the past couple of years of just over £50m and is aiming to generate revenue approaching £85m following its expansion.


Courtesy of http://www.blackpoolgazette.co.uk

Quite a strange acquirement really. Don't know much about Rotala outside of the North west but do they operate anything coach wise?
It's not as if there buying into a company that has general stage carriage work so will be interesting to see where they go with it.
It's a bit like stagecoach Manchester buying swans travel lol.