Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Iwi partners purchase Go Bus

Iwi partners purchase Go Bus

Ngāi Tahu Holdings Corporation (NTHC) and Tainui Group Holdings (TGH) have conditionally purchased Go Bus from Australian Private Equity firm Next Capital. NTHC is the majority investor with a two-thirds share and TGH has a one-third share. The purchase is due for completion September 30.

Go Bus is one of New Zealand's leading passenger transport businesses, servicing metropolitan urban routes, providing school bus services, and charter operations. These services are based at depots stretching from Auckland to Invercargill.

NTHC and TGH have welcomed the opportunity to invest in an excellent New Zealand business.

“Combined, TGH and ourselves have assets in excess of $2 billion with a mandate for reinvestment and growth. Go Bus is the type of investment we seek – it’s a well-run business in a sector we are comfortable with, and is led by an excellent team,” says NTHC Chief Executive Mike Sang. “Go Bus will enable us to further grow and diversify our portfolio in a way that is complementary to the rest of our investments.”

TGH CEO Mike Pohio says, “Go Bus has a strong regional presence and is well placed to grow its footprint nationally.”

Go Bus CEO Calum Haslop says, “We are delighted to have Ngāi Tahu and TGH join the Go Bus family and we welcome them on board. The Go Bus management team are extremely proud of our achievements to date and we see both Iwi as sophisticated long term investors. They are a natural partner for our business as we continue our journey to becoming New Zealand’s leading Passenger Transport operator.”

Go Bus offers the full spectrum of bus services, including Charter, Special Needs Transport, Schools andUrban services. The company enjoys a 5 Star ORS Rating from NZTA and is proud to have Tertiary Status for ACC Workplace Safety and Management practices.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Hourly Wage Gap Grows: Gender Pay Gap Still Fixed At Fourteen Percent

“The totally unchanged pay gap is a slap in the face for women, families and the economy,” says Coalition spokesperson, Angela McLeod. Even worse, Māori and Pacific women face an outrageous pay gap of 28% and 33% when compared with the pay packets of Pākehā men. More>>


Housing: English On Housing Affordability And The Economy

"Long lead times in the planning process tend to drive prices higher in the upswing of the housing cycle. And those lead times increase the risk that eight years later, when additional supply arrives, the demand shock that spurred the additional supply has reversed. The resulting excess supply could produce a price crash..." More>>


Sweet Health: Sugary Drinks Banned From Hospitals And Health Boards

All hospitals and DHBs are expected to kick sugary drinks out of their premises. University of Auckland researcher, Dr Gerhard Sundborn who also heads public health advocacy group “FIZZ”, says he welcomes the initiative. More>>


NASA: Evidence Of Liquid Water On Today's Mars

Using an imaging spectrometer on MRO, researchers detected signatures of hydrated minerals on slopes where mysterious streaks are seen on the Red Planet. These darkish streaks appear to ebb and flow over time. More>>


Bird Brains: Robins Can Just Be Generally Clever

Research from Victoria University of Wellington has revealed that birds may possess a ‘general intelligence’ similar to humans, with some individuals able to excel in multiple cognitive tests. More>>


Psa-V: Positive Result On Whangarei Kiwifruit Orchard

Kiwifruit Vine Health (KVH) has received a Psa-V positive test result on Hort16A and male vines on a kiwifruit orchard in Whangarei. This is the first confirmed case of Psa-V on an orchard in the Whangarei region. More>>

Regional Accents: Are Microbes The Key To Geographical Differences In Wine?

A new study of six of New Zealand’s major wine-growing regions has found that differences in flavour and aroma of wine from different areas may depend more on microbes than was previously thought. More>>


Science: AgResearch To Cut Science Staff In Areas Of 'Reduced Demand'

“We are therefore consulting with our staff from today on a proposal to reduce science staff in areas of shrinking demand. Combined with recruitment planned in areas of growing demand, this would mean a net reduction of 15 scientists and 41 technicians at AgResearch in the 2015/16 year." More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news