Announced

Completed

FirstGroup completed the acquisition of Grand Union Trains.

Synopsis

FirstGroup, a British multi-national transport group, completed the acquisition of Grand Union Trains, a company holding track access rights for a new open access rail service between Carmarthen and London Paddington. Financial terms were not disclosed. "Growing our open access rail portfolio is a key priority for FirstGroup. The introduction of our new Carmarthen to London Paddington service will significantly bolster our footprint, and should our other applications be successful, we will almost treble our current open access capacity over the next few years. Our successful investment in open access through Lumo and Hull Trains has helped connect communities and drive economic growth and we aim to help spur similar effects along this route," Graham Sutherland, FirstGroup CEO.

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