ComfortDelGro’s wholly owned indirect subsidiary Forest Coach Lines has acquired a five-bus school bus business in Narrabri, New South Wales, Australia, from KA & VK Stubbs for around A$2 million, or around S$1.95 million, the land-transport company said in a filing to SGX Friday.
The deal includes a Rural and Regional Bus Service Contract of three school routes in Narrabri, the filing said.
ComfortDelGro Australia will combine the contract with its existing operations, bringing its fleet in Narrabri and Wee Waa to 21 buses, the filing said.
Tony Hopkins, ComfortDelGro Australia’s Australia regional division CEO, said the deal was a “small but meaningful addition,” strengthening its offering in regional Australia.
“As shown in our existing bus regions around Australia, CDC ownership opens the way for a rollout of advanced on-board technologies which provide an improved customer experience and higher levels of safety,” Hopkins said in the statement. “We are also focused on working well with groups in the community – as seen in our involvement with sleepbus and Kinchela Boys Home Aboriginal Corporation – and providing meaningful employment opportunities in the communities in which we operate,” he said.
The acquisition expands Forest Coach Lines’ bus operations in the North West Slopes region of New South Wales to 21 buses, and brings ComfortDelGro’s total bus fleet in Australia to nearly 2,500, the company said.
ComfortDelGro Australia operates in six Australian states and territories, including New South Wales, Victoria, the Australia Capital Territory, Queensland, the Northern Territory and Western Australia, the filing said.
Forest Coach Lines is wholly owned by ComfortDelGro Corp. Australia.