Momentum Acquisition
CoachHire.com accelerates growth with the acquisition of Momentum Coach Hire
22nd March 2019. Maidenhead, UK – Transport2 (UK) Ltd., the Transport Management company behind the CoachHire.com platform and who are now the largest provider of managed Home to School solutions in the UK, has acquired the business and assets of Momentum Hub Ltd.
The acquisition means the CoachHire.com platform will provide services to more than 2 million passengers within the Education, Corporate and Leisure sectors via more than 1,500 coach and minibus suppliers on their Preferred Supplier Programme. CoachHire.com’s services include Managed Group Transport Solutions, corporate shuttle services, Home to School services as well as ad hoc transport for a range of organisations and consumers.
Momentum Staff will join CoachHire.com at their Maidenhead HQ, allowing the teams to share their experience, resources and practices to benefit customers and suppliers of both brands, driving further improvements in service levels for passengers and increased bookings for its preferred supply partners.
CoachHire.com CEO, Mathew Hassell says, “This is an incredibly exciting time for us. This deal will provide us with the scale we need to maintain the pace we have set as an innovator and leader within the Mobility as a Service space. Acquiring the Momentum brand also demonstrates our commitment to becoming the market leader for group transport - achieving our ambition to help passengers to share their journeys. Finally, this complements the recent growth we have enjoyed in our technology-led Home to School solution business, which successfully moves 5,000 pupils every day to and from schools across the UK.”
The acquisition is the latest chapter in the CoachHire.com growth story, following investment from Souter Investments, totalling £5.75 million over the last 14 months, to develop their industry-leading passenger-safeguarding and tracking app technologies.
Momentum’s Founder, Andrew Riley: “I built Momentum from the ground up, and this is an exciting time for all concerned. The way people travel will change fundamentally in the next few years, so this deal makes sense for our customers, suppliers and staff as together we will be stronger and better placed to provide the solutions customers need.”
Suppliers wishing to join the CoachHire.com preferred supplier programme can attend an open day which is planned in the next few weeks to visit the newly combined business, details will be available on their website at www.coachhire.com/suppliers.
