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ComfortDelGro acquires Australia's Toronto Bus Services
By Ng Shing Yi, Channel NewsAsia | Posted: 10 July 2007 2130 hrs



SINGAPORE : ComfortDelGro is boosting its presence in Australia, with a S$19 million acquisition of Toronto Bus Services, a bus operator in New South Wales.

Toronto Bus Services operates 80 buses, some coaches and a few depots.

Its operations complement ComfortDelGro's existing Hunter Valley fleet of 167 buses which operate out of two depots.

The acquisition cements Comfort DelGro's position as New South Wales' largest private bus operator, with 24 percent market share.

ComfortDelGro has also recently invested in a new bus depot and acquired a 3-hectare site to develop a bus body building plant.

When operational next year, the plant in Heatherbrae would be able to deliver up to 200 buses annually. - CNA/ch