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.