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- Kelsian Group (KLS) completes the US$325 million (A$487 million) acquisition of motorcoach services company All Aboard America! Holdings (AAAHI)
- AAAHI is the fourth largest motorcoach operator in the USA, with over 1000 vehicles and 1500 staff to its name
- Kelsian is using this acquisition to further its presence in the US transport and tourism market
- KLS is up 1.42 per cent, trading at $6.81 at 11:50 am AEST
Kelsian Group (KLS) has completed the US$325 million (A$487 million) acquisition of motorcoach services company All Aboard America! Holdings (AAAHI).
AAAHI is the USA’s fourth largest motorcoach operator, offering a wide range of charter operations with over 1000 vehicles.
“I am very pleased to announce the successful completion of the AAAHI acquisition,” Kelsian Group Chief Executive Officer Clint Feuerherdt said.
“Since announcing the acquisition, I have continued to work closely with the management team and remain very confident about the future of both businesses working together.”
“The Kelsian and AAAHI businesses are highly complementary; our operating portfolios span across multiple locations in the transport and tourism sectors; and we both share the same commitment to maintaining high safety standards for our employees and our customers,” Mr Feuerherdt continued.
Kelsian aims to use the acquisition to grow its presence in the US transport and tourism market.
KLS was up 1.42 per cent, trading at $6.81 at 11:50 am AEST.
