National Express Group PLC (LSE:NEX) is set to undergo a rebrand, announcing plans to change its name to Mobico Group PLC (LSE:MCG) next month.
This, it says, is to better reflect the company's international scope and its diverse array of mobility services as it continues to spearhead the shift towards mass transit.
While the corporate moniker is changing, customers can rest assured that their favourite brands will remain intact.
The coach operation will keep the National Express name. Other notable brands including Alsa, WeDriveU, Peterman, and Durham School Services will also be retained.
National Express Group's chief executive, Ignacio Garat, said: “Whilst National Express is a highly valued consumer brand, Mobico better represents our multi-modal operations, global reach and future ambitions.
"We remain focused on providing best-in-class services and delivering our Evolve strategy, with the intent of establishing Mobico Group as the world's premier shared mobility operator.”
A new stock ticker, 'MCG', will be adopted once the name change takes effect.