National Express hand c2c keys to Italian firm after £72m deal is completed
PUBLISHED: 08:15 13 February 2017 | UPDATED: 08:15 13 February 2017
The leading figure of an Italian rail company has vowed to deliver an “outstanding service” after a deal worth £72.6m was completed.
Italian firm Trenitalia has today officially acquired c2c which serves commuters travelling between Essex and London’s Fenchurch Street station.
The deal, formally approved by the Department for Transport, will see c2c’s franchise continue to run until November 2029.
Trenitalia says it intends to build on c2c’s existing strengths as one of the UK’s most punctual and popular train operators.
c2c will continue to be led by managing director Julian Drury and will also maintain the current organisational structure.
Barbara Morgante, CEO of Trenitalia, said: “I am pleased that we have been able to conclude this acquisition so rapidly, and we can now immediately start to concentrate on the day-to-day business of c2c.
“Under the leadership of Julian Drury, we will continue to focus on delivering the outstanding service that helped make c2c the best performing operator in the UK and we will collaborate with the management to introduce further improvements.
c2c managing director Julian Drury said: “These are very exciting times for c2c and we look forward to developing new improvements for our passengers by using Trenitalia’s expertise.
“While there won’t be many changes overnight, we will now start to work on some exciting new products and services that will make a real difference to our passengers in the coming months and years.”