GRT Group was a bus operating company in the United Kingdom from 1989 until 1995. It was formed when Grampian Regional Transport (GRT) was privatised. It went on to purchase a number of bus companies in England and Scotland. In April 1994, GRT Group was listed on the stock exchange, and in June 1995 merged with Badgerline to form FirstBus.
History
The GRT Group[1] was formed as a holding company to purchase Grampian Regional Transport, the city bus operator in Aberdeen, Scotland, in a management buyout. Motivation for the buyout was the 1988 announcement that the Scottish Bus Group was to be privatised, sparking fears that GRT could be acquired by a larger group and asset stripped.[2]
The buyout was achieved on 20 January 1989.[3]