More acquisitions planned for REL as Volvo eVoTors delivered

Investment firm keen to talk to dealers/manufacturers for March investment

REL announces it hopes to complete three coach operator acquisitions by the end of the year, as it receives six Volvo B8R-based MCV eVoTors.

The six eVoTors are for its Redwing and Davian brands and will be operated on private hire and private school contracts in London, as well as tour work.

REL is keen to speak to all manufacturers with a view to placing a larger order for 24 March 2025 for 12 to 15 executive specification coaches, dependent on availability and price.

The investment firm reports it is still keen to speak to any operators considering retiring and closing down. A statement from the company said it has seen a number of operators close when their business could be continued, jobs saved and more money netted by way of a sale rather than a shut down if bolted onto one of its operator partners.

REL says it hopes to complete the acquisition of three new companies by the end of the year, with the completion of two of them expected over the coming weeks.

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