Sir Brian Souter’s Record Bus Order Keeps Scottish Firm Busy
Tuesday, 04 March 2014
News broke today that Sir Brian Souter chairman of transport giant, Stagecoach, has made a record breaking £100m order for 570 buses and coaches to be added to the company’s fleet. Stagecoach, a Perth based group, says it has invested around £545m in regional bus operations in the past seven years.
The deal has dwarfed, rival Aberdeen-based FirstGroup’s plans to spend £70m on 425 buses, which at the time of announcement was said to be a record breaking deal outside of London. But Stagecoach’s recent announcement means that record was short lived.
The £100m record breaking order is not just good news for Stagecoach however. Scottish bus and coach manufacturer, Alexander Dennis have been selected to provide Stagecoach with 485 of the new vehicles. Alexander Dennis employs 2,000 people across its production facilities located in Falkirk, Guilford and Scarborough, the contract is worth £65m to the firm.
Speaking to the Scotsman Newspaper, Colin Robertson, chief executive at Alexander Dennis said;
“This is another massive boost for the whole of the bus manufacturing sector, and, from an Alexander Dennis perspective, I am delighted that we have again won the lion’s share of the new business. We have worked closely with Stagecoach over many years to ensure that we design, engineer and build class-leading products.”
In the same Scotsman article, Martin Griffiths, chief executive of Stagecoach added;
“This record investment is a major boost for UK jobs in manufacturing and many other smaller businesses in the supply chain.”
Stagecoach’s plans to expand come as more and more people across the UK opt towards leaving their cars at home in order to save money.