Aberdeen-headquartered First Group this morning announced it has acquired Leeds bus and coach operator Tetley's Motor Services.
Tetley's, which has been in operation for more than 75 years, has a fleet of 55 coaches and buses and has a diverse portfolio of service contracts including for schools, universities and workplace shuttle buses as well as private hire across central Leeds and West Yorkshire.
The firm operates from a large depot adjacent to First's existing Hunslet Park depot.
For the last full financial year, Tetley's reported revenues of £5.3million and EBIT of £1.4million.
Managing director Ian Tetley will remain with the business as a director while it is integrated into First Bus.
Commenting on the acquisition, Graham Sutherland, FirstGroup chief executive officer said: "I am very pleased to welcome Tetley's Coaches to the Group.
"This is a well-established, profitable business with its own large, centrally located depot and a strong contract base.
"As we work to grow our adjacent services market share, this strategic acquisition will complement our York Pullman and Lakeside businesses and expand our operational footprint and contract portfolio in one of our key markets."