Groups complete acquisitions abroad

First has completed the protracted acquisition of North American transport group Laidlaw this week. The £1.6 billion deal gives Aberdeen-based First a 13% share in the lucrative yellow school bus market in the United States, with a fleet of more than 62,000 vehicles.

However, First has announced that Stephen Gorman, head of Laidlaw’s iconic Greyhound intercity coach operation has stepped down from his post, with immediate effect. Press reports in the US also state that the group is...

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