Abellio UK MBO completes
Abellio UK and its Dutch shareholder Nederlandse Spoorwegen today signed off a management buyout, in a process which began in August 2022, after receiving all formal approvals required.
Following the completion of this complex deal, Transport UK Group Ltd (TUK), will take over all Abellio UK’s existing services, serving millions of rail and bus passengers in London, Liverpool, the Midlands and East Anglia. TUK will operate East Midlands, West Midlands, Greater Anglia and over 60 London bus routes. The company will also operate Merseyrail in partnership with Serco.
The deal was led by Managing Director Dominic Booth, who has decades of experience running public transport services in the UK. Dominic Booth said : “We are thrilled to return key public transport services back into UK ownership. While our name will change to Transport UK Group, our values remain the same. We will continue to play a key role in the country’s transport sector, ensuring the provision of our award-winning services to passengers around the UK and driving innovation to develop a low-emission UK transport network.”
Directors of Transport UK Group are Dominic Booth, fellow former Abellio director Alan Pilbeam and Edward Walker.
One thought on “Abellio UK MBO completes”
Intuitively this feels like a good move with control being put back squarely in the market where these services operate. As for the new company name, it’s hardly very inspirational and creative! One has to hope that this will be the formal company name and that something of a more engaging brand name will be used on the vehicles and publicity.