In the News
Horizontal Integration - National Express seals takeover of rival Stagecoach
![](https://tutor2u-net.imgix.net/user-photos/graham-watson.png?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
14th December 2021
A horizontal merger has been agreed between National Express and Stagecoach, creating a proposed company with a fleet of 40,000 vehicles and 70,000 employees.
This is an important example to add to your economics notes!
The all-share merger creates an enlarged worldwide transport group worth £1.9bn.
Although there are clearly economies of scale to be gained, it doesn't strike me that this is a move of two firms confident about their futures. They both seem to have scaled back operations and exited the rail sector, and this merger comes at a time when coach travel itself is suffering.
National Express seals takeover of rival operator Stagecoach https://t.co/a4Y9RsqVrY
— The Guardian (@guardian) December 14, 2021
Stagecoach and National Express agree to merge https://t.co/6Xu5YDw1Gh
— BBC News (UK) (@BBCNews) December 14, 2021
National Express to buy Stagecoach for £468m https://t.co/EkD4kkz2MN
— Financial Times (@FT) December 14, 2021
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