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Mobico Group
Mobico Group, formerly National Express Group, is a British multinational public transport company with headquarters in Birmingham, England. Domestically it currently operates bus and coach services under brands including National Express. The company also operates transport services including trains abroad: in Ireland, Spain, Portugal, Malta, Germany, Bahrain, Morocco, Qatar, United Arab Emirates and South Korea, and long-distance coach services across Europe. It is listed on the London Stock Exchange.
In 1972, the state-owned National Bus Company decided to bring together the scheduled coach services operated by its bus operating companies in the United Kingdom under one brand. Sir Frederick Wood, a prominent businessman and industrialist, was asked to oversee the creation of this new business model and led the group as its chairman from 1972 to 1978. Initially branded as National, the National Express brand was first used in 1974.
With the privatisation of the National Bus Company in the 1980s, National Express was subject to a management buyout in March 1988. The management team pursued various means of diversification; during 1989, the company purchased Crosville Wales.
Starting in early 1990s, National Express' financial performance began to deteriorate; this led to a new management team taking over the company in July 1991 which had the backing of ECI Partners, a mid-market private equity firm. The new team refocused the group on its core activities, leading to the sale of Crosville Wales to British Bus. During October 1991, it purchased Speedlink, an operator of coach services between Gatwick and Heathrow Airports. In December 1992, National Express Group plc was floated on the London Stock Exchange.
In 1993, Scottish Citylink, Eurolines and East Midlands Airport were acquired. During April 1995, National Express purchased West Midlands Travel, the formerly council-owned bus network of Birmingham and the West Midlands; it was rebranded Travel West Midlands in September 1996. This move began the brand family of Travel ... local bus operations. Bournemouth Airport was acquired in April 1995.
During April 1996, National Express commenced operating its first UK railway franchises, Gatwick Express and Midland Mainline. One year later, three other franchises were awarded, these being Silverlink, Central Trains and ScotRail. To comply with a Monopolies & Mergers Commission ruling on it winning the ScotRail franchise, National Express sold the Scottish Citylink operation to Metroline in August 1998.
In February 1997, Taybus Public Transport was acquired and rebranded Travel Dundee.
During September 1998, Crabtree-Harmon, the seventh-largest student transportation bus company in the United States was acquired, with 82 school bus contracts mainly in Missouri, but also in other Midwest states including Colorado, Iowa, Kansas, Oklahoma and Utah. During February 1999, Robinson Bus Service was purchased; it was followed in August 1999 by Durham Transportation. These acquisitions placed National Express as one of the top three United States school bus operators.
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Mobico Group
Mobico Group, formerly National Express Group, is a British multinational public transport company with headquarters in Birmingham, England. Domestically it currently operates bus and coach services under brands including National Express. The company also operates transport services including trains abroad: in Ireland, Spain, Portugal, Malta, Germany, Bahrain, Morocco, Qatar, United Arab Emirates and South Korea, and long-distance coach services across Europe. It is listed on the London Stock Exchange.
In 1972, the state-owned National Bus Company decided to bring together the scheduled coach services operated by its bus operating companies in the United Kingdom under one brand. Sir Frederick Wood, a prominent businessman and industrialist, was asked to oversee the creation of this new business model and led the group as its chairman from 1972 to 1978. Initially branded as National, the National Express brand was first used in 1974.
With the privatisation of the National Bus Company in the 1980s, National Express was subject to a management buyout in March 1988. The management team pursued various means of diversification; during 1989, the company purchased Crosville Wales.
Starting in early 1990s, National Express' financial performance began to deteriorate; this led to a new management team taking over the company in July 1991 which had the backing of ECI Partners, a mid-market private equity firm. The new team refocused the group on its core activities, leading to the sale of Crosville Wales to British Bus. During October 1991, it purchased Speedlink, an operator of coach services between Gatwick and Heathrow Airports. In December 1992, National Express Group plc was floated on the London Stock Exchange.
In 1993, Scottish Citylink, Eurolines and East Midlands Airport were acquired. During April 1995, National Express purchased West Midlands Travel, the formerly council-owned bus network of Birmingham and the West Midlands; it was rebranded Travel West Midlands in September 1996. This move began the brand family of Travel ... local bus operations. Bournemouth Airport was acquired in April 1995.
During April 1996, National Express commenced operating its first UK railway franchises, Gatwick Express and Midland Mainline. One year later, three other franchises were awarded, these being Silverlink, Central Trains and ScotRail. To comply with a Monopolies & Mergers Commission ruling on it winning the ScotRail franchise, National Express sold the Scottish Citylink operation to Metroline in August 1998.
In February 1997, Taybus Public Transport was acquired and rebranded Travel Dundee.
During September 1998, Crabtree-Harmon, the seventh-largest student transportation bus company in the United States was acquired, with 82 school bus contracts mainly in Missouri, but also in other Midwest states including Colorado, Iowa, Kansas, Oklahoma and Utah. During February 1999, Robinson Bus Service was purchased; it was followed in August 1999 by Durham Transportation. These acquisitions placed National Express as one of the top three United States school bus operators.