RATP Dev Transit London explained

RATP Dev Transit London
Industry:Transport
Foundation:11 December 2021
Location City:London
Location Country:England
Location:Stamford Brook Garage
Owner:RATP Dev
Num Employees:4,000
Subsid:London Sovereign
London Transit
London United

RATP Dev Transit London is a bus operator owned by RATP Dev in London, England. It owns London Sovereign, London United and London Transit. It commenced on 11 December 2021 as a joint venture between RATP Dev and Kelsian Group. In September 2023, it became a wholly owned RATP Dev subsidiary.

History

In September 2021, RATP Dev and Kelsian Group agreed to form a joint venture to combine some of their Transport for London contracted bus operations. RATP held an 87.5% shareholding, with Kelsian owning 12.5%. RATP Dev Transit London commenced with 1,250 buses on 115 routes from 10 garages.[1] [2] [3]

RATP Dev Transit London combined all of RATP's London Sovereign and London United operations, with both retaining their existing brands, while Tower Transit's operations out of Westbourne Park garage operate under the London Transit brand. RATP Dev Transit London commenced operations on 11 December 2021.[4] [5] [6] [7]

The RATP Group placed its London operations under review in March 2023 after reporting a €26 million (£23.2 million) loss across the group's operations in 2022, with RATP announcing they were exploring proposals to sell or dilute their shareholding in RATP Dev Transit London. RATP's London operations have been impacted by a bus driver shortage, inflation and strike action resulting in a 10% pay increase compared to the initial 2.3% offered.[8] In September 2023, RATP Dev bought out Kelsian Group's 12.5% shareholding.[9]

London Transit garage

Westbourne Park (X)

As of June 2024, Westbourne Park garage operates routes 13, 23, 295, 414 and 452.

Fleet

As at March 2023, the fleet comprised 1,187 buses.[10]

Notes and References

  1. https://web.archive.org/web/20210922224138/https://www.sealinktravelgroup.com.au/news-media/2021/sealink-enters-binding-joint-venture-agreement-for-west-london-bus-operations/ SeaLink Enters Binding Joint Venture Agreement for West London Bus Operations
  2. https://web.archive.org/web/20210925232043/https://www.route-one.net/news/ratp-dev-and-tower-transit-to-form-west-london-jv/ RATP Dev and Tower Transit to form West London JV
  3. https://www.busandcoachbuyer.com/ratp-dev-and-tower-transit-to-form-joint-venture/ RATP Dev and Tower Transit to form joint venture
  4. Web site: Joint Venture Completion - RATP Dev Transit London Ltd. 13 December 2021. 17 December 2021.
  5. https://web.archive.org/web/20210927234915/https://www.ratpdev.com/en/home News flash
  6. Tower Transit and RATP to merge operations Buses issue 800 November 2021 page 24
  7. https://web.archive.org/web/20211213121043/https://www.route-one.net/business-deals/ratp-dev-transit-london-jv-begins-operation/ RATP Dev London JV begins operation
  8. . 14 March 2023 . RATP London operations 'under review' following group financial losses . Coach & Bus Week. Peterborough . Emap . 14 March 2023.
  9. Annual report for year ended 31 December 2022 London Sovereign Limited
  10. https://content.tfl.gov.uk/fleet-annual-audit-report-31-march-2023.pdf Bus Fleet Audit