Australia’s leading and fastest growing mass transit operator, Kinetic, will become the largest bus mass transit operator by owned fleet in Australasia after announcing the acquisition of New Zealand bus operator, Go Bus.
With 29 depots and more than 1700 vehicles operating from Auckland to Invercargill, Go Bus is New Zealand’s largest and most diverse operator of passenger service vehicles.
Go Bus provides urban and school services under long term contracts to more regional authorities in New Zealand than any other operator, together with regional school bus and special needs transport for the Ministry of Education, and charter services under the Go Bus and Johnston’s brands.
The company joins Kinetic’s growing mass transit platform that includes Queensland bus operators Surfside Buslines and Sunbus, Sydney’s largest bus and coach charter company Telford’s, and airport transit business SkyBus (Australia and New Zealand).
Following the acquisition, Kinetic’s collective brands will move in excess of 50 million people throughout Australasia every year and will be the largest mass transit bus operator in the region with 2800 buses, 49 depots and more than 4000 people.
Majority owned by OPTrust, one of Canada’s largest defined benefit pension plans, Kinetic has firmly established its transport credentials with extensive experience and capabilities to deliver major projects for government, airports and private clients.
The company’s success is underpinned by a customer first culture led by its people, assets and ongoing investment in customer innovation to move more people, more often, through providing awesome experiences.
Kinetic Co-CEOs Adam Begg and Michael Sewards said they were excited to welcome Go Bus to the group and that the acquisition was a milestone announcement for the company.
“Buses are a vital form of public transport connecting urban communities across New Zealand and through excellent management and customer service over many years Go Bus has rightfully established itself as the premium provider,” Mr Begg says.
“What Calum Haslop has achieved as Go Bus CEO is testament to his talented and experienced team and the company’s customer focus, and from very early on we identified clear alignment with our own vision and values.”
“It is an exciting announcement for the group with Kinetic now holding a significant footprint across Australasia, offering fully integrated services across airport transport, government route services and charter services. Our group now has more than 40 years of experience and capabilities which combine to enhance the way we give customers awesome experiences,” Mr Sewards says.
“Continuous improvement and innovation are key to keeping mass transit relevant and reliable and we are passionate about moving more people and enhancing our communities with effective, integrated transport networks and developing sustainable mobility solutions including electric vehicles, fuel cell technology and demand responsive transport.”
Go Bus CEO Calum Haslop said “we are delighted to welcome Kinetic on board and are really looking forward to becoming part of such a fast moving and innovative Australasian mass transit team.”
“We have grown significantly in New Zealand over the last 10 years by focussing on the needs of our customers, continuous improvement and innovation, and the well-being of our fantastic team of Go Bus people. We see Kinetic as a natural fit for this next stage and are really excited by the joint opportunities ahead,” Mr Haslop said.
The transaction is subject to customary consents and regulatory approvals and is expected to complete in mid 2020. Kinetic was advised by Cameron Partners (financial), Buddle Findlay (legal), Deloitte (accounting and tax) and Pattle Delamore Partners (environmental).