Stagecoach South today (15 February) confirmed that it has reached an agreement for Reading Buses to acquire part of the Service 7 route between Aldershot and Reading.
The deal - which also involves the sale of two Stagecoach vehicles - means that Reading Buses will take over the northern part of the route, between Hartley Wintney and Reading in April. Stagecoach will continue to operate the section of the route between Aldershot and Hartley Wintney.
The agreement does not involve the transfer of any employees and Stagecoach has confirmed that there will be no change to its existing staffing levels.
Both companies are finalising details to sell through tickets for the entirety of the route between Aldershot and Reading. Once the new arrangement is in place, customers travelling the length of the route will change buses in Hartley Wintney.
The process to register the required timetable changes is now underway and the changes are expected to come into effect on Monday 16 April.
Stagecoach also confirmed that there will be some minor timetable changes to the part of the route - between Aldershot and Hartley Wintney - that it will continue to operate
Managing Director of Stagecoach South, Edward Hodgson, said: "The part of the route between Hartley Wintney and Reading has always been geographically quite remote in comparison to our core operations and we have struggled to find a way of making that part of the route sustainable over the longer term. Reading Buses is operationally better placed to deliver the northern section and we’re finalising plans to ensure that customers will still be able to travel from Aldershot to Reading using one ticket."