Stagecoach is hoping to buy FirstGroup's North Devon bus operations. The deal, which is still subject to clearance by the Office of Fair Trading, is worth £2.8m.
Stagecoach would buy around 30 vehicles which operate on ten routes in North Devon. They would also take on around 100 employees at a small depot in Barnstaple. This would add to Stagecoach's current depot in the town which operates 48 vehicles and employs 120 staff.
The new operations would be integrated into Stagecoach South West, a division which already employs around 900 people and operates 320 buses on 120 routes across Devon and Somerset.
The deal comes just a few weeks after attempts to sell FirstGroup's London bus operations to Stagecoach fell apart - because they couldn't agree on a price.