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Rider takes control

26th July 1990, Page 19
26th July 1990
Page 19
Page 19, 26th July 1990 — Rider takes control
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Which of the following most accurately describes the problem?

• The majority of bus services in the York area will belong to Yorkshire Rider from next month, following its purchase of York City & District, Target Travel and Reynard Buses.

Terms have been agreed between YR's parent Rider Holdings and the AJS Group for the sale of their two subsidiaries, and also with Reynard for the acquisition of its entire bus operation. Completion of the deal is expected at the end of this month.

AJS put its two companies on the market at the beginning of the month, but the acquisition of its main competitor in the city will give Rider a chance to develop a profitable network.

Reynard's managing director David Marsh will head the

three companies, which will continue to trade under their separate identities for the time being.

The three York companies have a combined turnover of 25m and a fleet of 120 buses. About'300 staff will transfer with the takeovers, and no redundancies are expected. Reynard's garage at Navigation Road is not included in the deal, but will be leased for a short period. YC&D's depot at Barbican Road will remain the main operating centre on a five-year lease from AJS Holdings. The Target fleet will continue to be supervised from Dunnington.


People: David Marsh
Locations: York, York City

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