Rotala's acquisition of Preston Bus Ltd (PBL) from Stagecoach highlights precisely the strategy, rationale and benefits of its business model. With Stagecoach agreeing with the Competition Commission to sell its Preston operations, we feel we may have witnessed real evidence of the long-term potential of the strategy. The £3.2m acquisition is anticipated to be earnings enhancing in the current year and provides not only increased revenue, but also a new hub from which the group can expand.

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