13 July 2015

Stagecoach Statement

We are pleased to confirm that Stagecoach Devon Ltd has agreed to acquire certain assets of First Devon & Cornwall Ltd

The assets acquired include the Plymouth depot and associated outstations (excluding Torpoint) currently owned or leased by First Devon & Cornwall Ltd. The agreed sale is conditional on the successful registration of a new network of bus routes that has been submitted to the Traffic Commissioner and will now go through the 56-day registration process. The sale also includes the transfer of the Dartmouth Park & Ride contract operated by First Hampshire & Dorset Ltd. Vehicles are not included in the acquisition.

A total of 253 staff are currently employed across the Plymouth business. First Devon & Cornwall has started a consultation process with employees. Every effort will be made to minimise the impact of the planned changes on staff. Following the consultation period, staff will transfer to Stagecoach South West under TUPE arrangements.

Stagecoach South West Managing Director Bob Dennison said: "This acquisition will allow us to further expand our successful bus operations in the South West of England where we currently employ around 1000 staff and operate around 310 vehicles over 136 routes across Devon and into Somerset and Cornwall.

Bob Dennison, Managing Director of Stagecoach South West, commented "We have a strong track record in the South West region of attracting more people to bus travel and we will continue to focus on providing good value, high-quality bus travel for people in the area."



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