Merger with CitibuzzSG

VIsionSG announces that it has acquired CitiBuzzSG, an independent Singapore bus operator, for an undisclosed sum.

Based from two bus depots in Ang Mo Kio and Sembawang, CitiBuzzSG operates a fleet of approximately 250 vehicles on about 40 bus service. The acquisition will help expand VisionSG's footprint in the central and eastern region bus markets in which it is still expanding now.

The acquisition follows that of Harmoniac Bus Services in 2010.

Commenting on the acquisition, Lim Jia Xuan, Chief Executive of the Group, said:

"The acquisition of CitiBuzzSG represents an important step for us in the eastern region and complements the continuing strong organic growth of our bus business which remains the strongest profit contributor for the Group."

The website can currently be viewed @ citibuzzsg.blogspot.com