Listed transport group Rotala has acquired Wings Luxury Travel for £1.5 million.
The Birmingham-based company has bought the entirety of the Uxbridge business, the Wings brand and the complete vehicle fleet which is valued at £1.1 million.
In a statement to the stock exchange today, Rotala said the acquisition was expected to generate about £400,000 of positive goodwill on consolidation.
In the year ended November 30, 2014, the Wings business had revenues of approximately £1.9 million and a profit before tax and exceptional items of £90,000.
It added: "Wings is a well-established operator of luxury coach services in the London area with an excellent business reputation.
"It uses a 17-strong fleet of highly specified vehicles. These, with key operating management and about 20 staff, will transfer to Rotala's existing depot at Heathrow Airport.
"Following the recent end of the company's long-standing contract with British Airways, there is ample capacity at this depot to absorb the Wings fleet and personnel."
Rotala provides transport services such as local bus services under contract to local authorities and commercial bus routes. It listed in AIM in 2005.
