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West Midlands Combined Authority buys National Express unit for £24m

8/18/2026

38 9 Full Breakdown

Summary

Story summary

West Midlands Combined Authority bought 94% of National Express West Midlands for £24 million on August 18, 2026.
Mobico Group said the assets are valued at about £102 million, yielding the £24 million upfront payment.
Transport secretary Heidi Alexander said the purchase protects 750 buses per day and secures thousands of jobs.
Mayor Richard Parker said the deal lets the authority franchise the network, giving the public more say over fares.

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Story summary

West Midlands Combined Authority bought 94% of National Express West Midlands for £24 million on August 18, 2026.
Mobico Group said the assets are valued at about £102 million, yielding the £24 million upfront payment.
Transport secretary Heidi Alexander said the purchase protects 750 buses per day and secures thousands of jobs.
Mayor Richard Parker said the deal lets the authority franchise the network, giving the public more say over fares.