TRANSIT SYSTEMS EYEING SITA COACHES PURCHASE


AUSTRALIA’S biggest private operator of public bus services, Transit Systems, is on the verge of buying Melbourne’s Sita Coaches, according to a report in The Australian Financial Review (AFR), recently.

TRANSIT SYSTEMS EYEING SITA COACHES PURCHASE
According to the AFR report, it's believed the Sita Coaches deal will leave Transit Systems well-placed to bid for the AUD$1.7 billion Melbourne metropolitan bus services contract with PTV, next year.

As it states, Transit Systems is: "…storming ahead with another acquisition to bulk up its buses and secure a foothold in Melbourne for the first time."

It adds that, "…the deal includes a 10-year contract with Public Transport Victoria (PTV), which was renewed in 2018 and is worth about $330 million," according to its unnamed sources.

Earlier last year, Transit Systems embarked on a similar take-over of Adelaide’s Light City Buses.

According to the AFR, it's believed the deal will leave Transit Systems well-placed to bid for the AUD$1.7 billion Melbourne metropolitan bus services contract with PTV, up for renewal in 2020.

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When ABC magazine contacted Transit Systems, a spokesperson confirmed an official announcement is due to be released soon.

ABOUT SITA COACHES

Sita Coaches runs roughly 170 buses covering 19 major route services, while employing 250 staff. It also runs school, rail replacement and charter work throughout Victoria.

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ABOUT TRANSIT SYSTEMS

Transit Systems is an Australian-owned, family company that has built a reputation for a positive work culture and its ability to collaborate effectively with Government to deliver improved services for customers, it states.

The Transit Systems Group currently operates innovative bus services in Western Australia, New South Wales, South Australia, the Northern Territory, Singapore and London.

Established in 1995, Transit Systems' founders have a passion for designing, delivering and managing reliable, safe, convenient and sensible bus operations, it says. Transit Systems has grown to become the largest bus operator in Australia and is Australia's only multi-national public transport business, it adds.

 

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