Islwyn bus firm sold to Stagecoach

THE sale of Blackwood-based Islwyn Borough Transport to bus operator Stagecoach is now complete.

The operator has purchased the firm’s 33 buses and coaches for an undisclosed sum from Caerphilly council and now employs its 62 members of staff.

The purchase has been approved by auditors and the Office of Fair Trading.

IBT will continue to operate from a depot in Penmaen Road, Blackwood.

Managing Director of Stagecoach in South Wales John Gould said the company was “delighted” to have completed the takeover.

He said: “We will be looking to build on the strengths of the operation and we are looking forward to working with staff to attract more people to the benefits of greener, smarter bus travel.”

In November, we reported residents and councillors were concerned the area could lose some of its less well-used bus routes after the takeover.

Stagecoach Group operates bus, coach, rail and tram services in the UK, United States and Canada and employs 30,000 people.

This includes 800 people in South Wales and its routes include Blaenau Gwent, Caerphilly, Newport, Monmouthshire and Torfaen.

Comments (6)

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6:16am Wed 13 Jan 10

Goldy_Lookin_Clart says...

Waaaah rise o the machine, Glyn Williams gone , I reckons our lush own Newp Transport next. What ez wi the new colours on our town buses?
Waaaah rise o the machine, Glyn Williams gone , I reckons our lush own Newp Transport next. What ez wi the new colours on our town buses? Goldy_Lookin_Clart

7:19am Wed 13 Jan 10

Bobevans says...

Yep the Highway Robbbers are taking over everything. High fares and poor services.

strangely the OFT has just launched a UK wide investigation in to local bus service. Citing the fact that in most areas there are monopolies with poor services high fares and predatory actions by them if a competitor tries to start up and is talking about breaking these monopolies up
Yep the Highway Robbbers are taking over everything. High fares and poor services. strangely the OFT has just launched a UK wide investigation in to local bus service. Citing the fact that in most areas there are monopolies with poor services high fares and predatory actions by them if a competitor tries to start up and is talking about breaking these monopolies up Bobevans

8:34am Wed 13 Jan 10

Owain Vaughan says...

I have to say I initially thought the White/Green colour scheme on Newport Transport buses was just an undercoat, but now it seems to be everywhere?

Bring back Green and Cream!
I have to say I initially thought the White/Green colour scheme on Newport Transport buses was just an undercoat, but now it seems to be everywhere? Bring back Green and Cream! Owain Vaughan

3:13pm Wed 13 Jan 10

brython49 says...

There's no mention of the 14 layoffs they're making after offloading subsidised routes to veolia is there?
Why does the argus never print the whole story?
There's no mention of the 14 layoffs they're making after offloading subsidised routes to veolia is there? Why does the argus never print the whole story? brython49

3:16pm Wed 13 Jan 10

walter352 says...

To facillitate the takeover stagecoach have droped some of the less popular routes they were operating and left them for the french company operating from abercynon to operate.
So instead of a local based operator in the newbridge area we have one from two valleys away.
Caerphilly council looking after us again NOT
To facillitate the takeover stagecoach have droped some of the less popular routes they were operating and left them for the french company operating from abercynon to operate. So instead of a local based operator in the newbridge area we have one from two valleys away. Caerphilly council looking after us again NOT walter352

9:11pm Wed 13 Jan 10

westender says...

Good old plaid cymru, got to make up the iceland deficit somewhere.
whats that old saying about breweries again?
Good old plaid cymru, got to make up the iceland deficit somewhere. whats that old saying about breweries again? westender

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