Rotala Buys Hotel Hoppa

[Nwales Bus]

Rotala Buys Hotel Hoppa
Following their recent purchase of Little Gem from Go Goodwins and Black Country based Hansons Bus & Coach. Rotala are now expanding once again. This time in Heathrow in acquirieing the Hotel Hoppa network from Nationap Express

Quote:Birmingham-headquartered bus company Rotala has entered into a conditional agreement to acquire the Hotel Hoppa business from National Express for £2m.

The acquired business comprises a passenger transport service between Heathrow Airport and hotels within a five mile radius of Heathrow Central Bus Station, delivered under contracts with those hotels and other airline customers.

The acquisition includes the right to use the business name, the goodwill of the business and the novation of the underlying contracts, together with the fleet of 32 buses.

:sRotala raised £3.5m in July to fund future acquisitions by placing extra shares on the London Stock Exchange.

In an update to the London Stock Exchange, a spokesman for Rotala said: "The directors believe that the Hotel Hoppa acquisition will enable Rotala to strengthen significantly its operations in the Heathrow area.

"Many of the airline customers of the Hotel Hoppa business are already users of various airside and landside services provided to them by Rotala in and around the airport.

"No additional overheads are expected to be required as a result of the acquisition since the acquired business will utilise spare capacity in the existing Rotala depots on the southern side of Heathrow Airport.

"The directors believe that the company will benefit, in the first full year following completion of the acquisition, from additional sales, EBITDA and profit before tax contributions of approximately £6m, £500,000 and £200,000 respectively."

Completion is expected to take place before the end of November.