Greyhound Resources purchased by Australia and NZ’s biggest bus network

The shareholders of Greyhound Australia are pleased to announce that, subject to certain conditions precedent, including customer and regulatory approval, Kinetic has executed a contract to acquire a 100% shareholding of the Greyhound Resources business.  

Greyhound Resources is recognised as Australia’s leading provider of mobility solutions to the resources sector and will be well placed alongside Kinetic’s other leading bus industry brands, which include: SkyBus, Go Bus, Surfside Buslines, Sunbus and Telfords. 

Kinetic is the biggest bus network in Australia and New Zealand with 4,000 staff moving over 50 million people every year, with urban and regional bus services and specialist capabilities including airport, school and charter services.

The company will continue to provide essential services supporting an important sector of Australia’s economy according to Greyhound Resources GM of operations James Smith.

“Over the past decade we have expanded our footprint into key regions in the resources sector with our commitment to delivering safe and trusted transport, and with Kinetic’s mass transit leadership we will continue to exceed performance standards,” Mr Smith said. 

This acquisition does not include the Greyhound Australia brand and business, which is being retained by the existing shareholders and will continue to independently operate Australia’s largest national coach network connecting all mainland states and territories. 

Greyhound Australia’s business values and ‘feel the heart of Australia brand’ will continue on a business-as-usual basis, with continued focus on bringing joy to travel in Australia, according to Greyhound Australia CEO Alex de Waal.

“The sale of the Greyhound Resources business will allow our existing shareholders and Express management team to focus on the optimisation and growth of the Express network,” Mr de Waal said.

The Greyhound Resources business will operate on a transitional basis under the direction of existing shareholders from now until transfer of the Greyhound Resources business to Kinetic on or around 1 April 2021. 

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