Ascendal Group Explained

Ascendal Group
Industry:Bus transportation
Foundation:2018
Founder:Adam Leishman
Location Country:England
Area Served:Cambridgeshire
Chile
Hong Kong
Subsid:Whippet
Bravo Transport

Ascendal Group is a British public transport company that operates Whippet in Cambridgeshire, the Ascendal Punta Arenas in southern Chile, and has a small shareholding in Hong Kong bus companies of Citybus through Bravo Transport. It was founded in 2018 by former Tower Transit CEO Adam Leishman until he and Go Whippet split away from Transit Systems to form Ascendal.[1] Leishman is the son of Transit Systems co-founder Graham Leishman and was previously the Business Development Director at Transit Systems.

Operations

Whippet

Whippet, formerly Go Whippet, is a bus operation in Cambridgeshire, England.[2] It was purchased by Transit Systems in November 2014.[3] [4] The bus operation was transferred to Ascendal Group in October 2018.[5]

Ascendal Punta Arenas

Ascendal Punta Arenas is Ascendal's bus operations in Punta Arenas, Magallanes Region, that started in October 2020.

Citybus & New World First Bus

Ascendal owns 0.6% of Bravo Transport, which owns Hong Kong bus operators Citybus and previously New World First Bus.[6] [7] Both operations were acquired in August 2020 from NWS Holdings.[8] [9] [10] Leishman also became the CEO of Bravo Transport.[11]

Notes and References

  1. Web site: Our Heritage. Ascendal Group. 22 January 2022.
  2. http://www.huntspost.co.uk/news/latest-news/lee_family_completes_sale_of_whippet_buses_to_aussie_firm_1_3853295 Lee family completes sale of Whippet buses to Aussie firm
  3. Whippet confirmed as part of Ascendal Group Coach & Bus Week issue 1364 16 October 2018 page 8
  4. https://web.archive.org/web/20181214065654/https://cbwmagazine.com/tower-transit-adds-go-whippet// Tower Transit adds Go Whippet
  5. Whippet changes hands as authority reviews options Buses issue 765 December 2018 page 6
  6. Web site: Operations. Ascendal Group. 22 January 2022.
  7. Web site: Disposal of the entire issued shared capital of NWS Transport Services Limited. NWS Holdings. August 2020. 24 January 2022.
  8. https://web.archive.org/web/20200924230843/https://www.thestandard.com.hk/breaking-news/section/4/153644/Private-equity-fund-Templewater-buys-Citybus-and-New-World-First-Bus-in-HK$3.2b-deal Private equity fund Templewater buys Citybus and New World First Bus in HK$3.2b deal
  9. Hong Kong sale saves jobs Buses issue 787 October 2020 page 20
  10. Web site: International consortium acquires First Bus and Citybus. NWS Holdings & Templeman. Ascendal Group. 21 August 2020. 22 January 2022.
  11. Web site: Parent company of Citybus and New World First Bus mulls merging option. Marketing Interactive. 30 July 2021. 24 January 2022.