Stagecoach, one of the UK’s biggest bus operators, has confirmed that it has completed the acquisition of Islwyn Borough Transport (IBT) from Caerphilly County Borough Council. IBT has 62 employees and a fleet of 33 buses and coaches, and operates out of its depot at Penmaen Road, Blackwood.
John Gould, Managing Director, Stagecoach in South Wales, said: “We are delighted to have completed the purchase of Islwyn Borough Transport, which is regarded by everyone as an excellent provider of quality bus and coach service to the Blackwood area.
“Stagecoach already has a successful bus operation in South Wales, employing more than 800 people and Islwyn Borough Transport can only enhance our position as a major employer and bus operator in the region.
“We will be looking to build on the strengths of the operation and we look forward to working with staff to attract more people to the benefits of greener, smarter bus travel.”
Cllr Rob Gough, CCBC cabinet member for Transportation and Planning, said, “The board has handed over responsibility for the running of IBT. Stagecoach has an extensive track record of investment in bus services both in the county borough and through other transport links across Wales.
“They have built a first-class reputation as one of the best bus companies in Wales, leading the way in delivering smarter, sustainable transport. We are confident it is the best way forward for Islwyn Borough Transport and it will deliver an opportunity for improved bus services for local people in the future.”
Stagecoach, which has won a clutch of awards for its innovation, high operational standards and excellent customer service, operates more than 7,000 buses in around 100 towns and cities in the UK from the Highlands and Islands of Scotland to the southwest of England.
The contract to purchase IBT, which is for an undisclosed sum, has been approved by Auditors and the Office of Fair Trading.