ComfortDelGro to buy Australian bus business

Singapore

COMFORTDELGRO on Monday said it is acquiring Buslink, one of Australia's largest privately owned bus businesses, for A$190.9 million (S$187 million), in what will be the group's largest acquisition in the country to date.

The acquisition of Buslink Pty Ltd, Buslink Southern Pty Ltd and their 11 corresponding depots, is significant on two fronts: It provides ComfortDelGro with immediate access to the Northern Territory and Queensland - both of which are uncharted territories for the group - and enables ComfortDelGro to grow its existing bus operations in New South Wales (NSW) and Victoria.