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National snaps up ATL

27th July 1989, Page 6
27th July 1989
Page 6
Page 6, 27th July 1989 — National snaps up ATL
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Which of the following most accurately describes the problem?

• National Express Holdings has taken over the ATL Holdings Group which includes Sheffield bus operator SUT, Yelloway Trathen and Carlton PSV.

National Express will retain the UK distribution rights of Neoplan buses, held by Carlton PSV, which also runs a secondhand vehicle dealership.

However, the Birminghambased company will only hold a 50% stake in Yelloway Trathen, which is to be renamed Trathen Travel Services. Yelloway Trathen founders Mike Trathen and David Trathen will hold the remaining 50%. This Devon operation will be run on similar lines to NE's semi-autonomous subsidiaries Durham Travel Services and Dorset Travel Services.

National Express says no major changes are planned for any ATL companies. Under the multi-million pound deal, NE also took control of six travel agencies.

Speculation first grew over the future of ATL after the closure of its Leeds subsidiary Airebus in May.


Locations: Sheffield, Leeds

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