Transport UK Group
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 | |
| Industry | Transport |
|---|---|
| Predecessor | Abellio |
| Founded | February 2023 |
| Founder | Management buyout led by Dominic Booth |
| Headquarters | , United Kingdom |
Area served | England |
| Subsidiaries | |
| Website | www |
Transport UK Group (TUK) is a British transport operator which operates services in England. It commenced operations in February 2023 when it purchased the British assets of Abellio via a management buyout.
History
[edit]In August 2022, Abellio agreed terms to sell its United Kingdom subsidiaries in management buyout led by managing director Dominic Booth, subject to approval by the Office of Rail and Road and partner organisations Merseytravel and Transport for London.[1][2][3] The deal was completed when final approvals were received in February 2023.[4][5]
Subsidiaries
[edit]Transport UK Group operates the following subsidiaries:[6]
- East Midlands Railway, operates the East Midlands franchise under contract to the Department for Transport
- Greater Anglia (60% shareholding alongside Mitsui & Co.), operates the East Anglia franchise under contract to the Department for Transport
- Merseyrail (50% shareholding alongside Serco-Abellio), operates the Merseyrail concession under contract to Merseytravel
- Transport UK London Bus, operates bus services under contract to Transport for London
- West Midlands Trains, (85% shareholding alongside Mitsui), operates the West Midlands franchise under contract to the Department for Transport and Transport for West Midlands
References
[edit]- ^ "Abellio UK set to become Transport UK Group via MBO". routeone. 23 August 2022. Retrieved 24 August 2022.
- ^ Peat, Chris (23 August 2022). "Abellio to be bought out". Bus & Coach Buyer. Peterborough. Retrieved 24 August 2022.
- ^ Roden, Andy (23 August 2022). "Management buyout returns Abellio operations to UK ownership". Modern Railways. Stamford: Key Publishing. Retrieved 24 August 2022.
- ^ "Abellio UK to be renamed Transport UK Group as management buyout deal completes". Abellio. Archived from the original on 1 March 2023. Retrieved 2 March 2023.
- ^ Deakin, Tim (28 February 2023). "Transport UK Group MBO of Abellio UK completes". routeone. Archived from the original on 1 March 2023. Retrieved 2 March 2023.
- ^ Holley, Mel (7 September 2022). "Abellio's rail services to return to UK ownership". Rail. No. 965. Peterborough: Bauer Consumer Media. p. 6. Retrieved 1 March 2023.