In the News
Horizontal Integration - National Express seals takeover of rival Stagecoach

14th December 2021
A horizontal merger has been agreed between National Express and Stagecoach, creating a proposed company with a fleet of 40,000 vehicles and 70,000 employees.
This is an important example to add to your economics notes!
The all-share merger creates an enlarged worldwide transport group worth £1.9bn.
Although there are clearly economies of scale to be gained, it doesn't strike me that this is a move of two firms confident about their futures. They both seem to have scaled back operations and exited the rail sector, and this merger comes at a time when coach travel itself is suffering.
National Express seals takeover of rival operator Stagecoach https://t.co/a4Y9RsqVrY
— The Guardian (@guardian) December 14, 2021
Stagecoach and National Express agree to merge https://t.co/6Xu5YDw1Gh
— BBC News (UK) (@BBCNews) December 14, 2021
National Express to buy Stagecoach for £468m https://t.co/EkD4kkz2MN
— Financial Times (@FT) December 14, 2021
You might also like
Evaluating Mergers and Takeovers
Study Notes

The Cross Rail Project
22nd September 2014

Cost Benefit Analysis - The Crossrail Project
27th April 2014

The Benefits of Choice: the Battle Never Ends
8th November 2013

Transport Economics - Electronic Road Pricing
11th October 2013

Transport Economics - Sorting out Transport in London
29th June 2013