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===Takeover attempt and rebranding=== During September 2021, it was reported that National Express had entered into talks to acquire Stagecoach Group.<ref>{{cite news |url=https://www.bbc.com/news/business-58636437 |title=National Express in talks to buy transport rival Stagecoach |newspaper=BBC News |date=21 September 2021 |access-date=22 September 2021}}</ref> In December 2021, a deal was agreed between the boards of the two companies: however, it was subject to both shareholder approval and regulatory scrutiny.<ref>{{cite news |url=https://www.scotsman.com/business/scottish-bus-group-stagecoach-and-national-express-combine-to-create-ps19-billion-transport-giant-3493930 |title=Scottish bus group Stagecoach and National Express combine to create Β£1.9 billion transport giant |newspaper=The Scotsman |date=14 December 2021 |access-date=14 December 2021}}</ref><ref>{{cite web |archive-url = https://web.archive.org/web/20211214112829/https://otp.tools.investis.com/clients/uk/stagecoach/rns/regulatory-story.aspx?cid=273&newsid=1536056 |url = https://otp.tools.investis.com/clients/uk/stagecoach/rns/regulatory-story.aspx?cid=273&newsid=1536056 |title = Sale of Scottish Citylink stake and the retain and customer service activities of Megabus UK and Falcon |publisher = Stagecoach Group |date = 14 December 2021|archive-date=14 December 2021}}</ref> Having originally recommended shareholders accept the National Express offer, in March 2022, the Stagecoach board of directors withdrew its recommendation in favour of a takeover offer from a [[DWS Group|DWS]] managed investment fund.<ref>{{cite news |url = https://www.theguardian.com/business/2022/mar/09/stagecoach-opts-for-rival-takeover-in-blow-to-national-express-merger-plan |title = Stagecoach opts for rival takeover in blow to National Express merger plan |work = The Guardian |date = 9 March 2022}}</ref><ref>{{cite web |url = https://www.businesstravelnewseurope.com/Ground-Transport/German-investment-group-wins-battle-for-Stagecoach |title = German investment group wins battle for Stagecoach |publisher = businesstravelnewseurope.com |first = Rob |last = Gill |date = 23 May 2022}}</ref> In January 2023, the coach excursion business of seven National Express Transport Solutions companies (Coliseum Coaches, Lucketts Travel, Mortons Travel, Solent Tours, Stewarts Tours, Woods Tours and Worthing Coaches) were brought together under the 'Touromo' brand. Touromo aimed to provide day trips and short breaks to destinations across the UK and Europe as one combined brand, and National Express planned to expand the brand outside the West Midlands and South East England to operate across the United Kingdom.<ref>{{cite web |author=<!--Staff writer(s)/no by-line.--> |url=https://www.route-one.net/coach/national-express-targets-coach-tourism-with-touromo/ |title=National Express targets coach tourism with Touromo |work=routeone |date=10 January 2023 |access-date=10 January 2023}}</ref><ref>{{cite news |last=Peat |first=Chris |date=10 January 2023 |title=NatEx creates new Touromo coach holidays brand |url=https://www.busandcoachbuyer.com/natex-backs-new-touromo-coach-holidays-brand/ |work=Bus & Coach Buyer |location=Peterborough |access-date=10 January 2023}}</ref> Six months later, however, it was announced that Touromo was to cease operations and that National Express Transport Solutions was to cease offering day trips and holiday excursions in October 2023.<ref>{{cite web |author=<!--Staff writer(s)/no by-line.--> |url= http://www.route-one.net/news/touromo-to-go-as-natex-leaves-day-trips-and-holidays/ |title=Touromo to go as NatEx leaves day trips and holidays |work=routeone |date=10 July 2023 |access-date=10 July 2023}}</ref> In June 2023, National Express changed its name to Mobico Group.<ref>{{cite news |url=https://www.expressandstar.com/news/business/2023/05/10/change-of-name-for-national-express/|title=Change of name for National Express Group |newspaper=[[Express & Star]] |date=11 May 2023 |access-date=10 May 2023}}</ref><ref>{{cite web |archive-url = https://web.archive.org/web/20230621041057/https://www.mobicogroup.com/media/news-releases/2023/change-of-name-1/ |url-status = live |archive-date = 21 June 2023 |url = https://www.mobicogroup.com/media/news-releases/2023/change-of-name-1/ |title = Change of Name |publisher = Mobico Group |date = 20 June 2023}}</ref> In August 2024, Mobico announced that they had begun the process of selling its North American school bus division, including [[Durham School Services]], in order to reduce its debt.<ref name=":1" /> In April 2025, it was announced that chief executive Ignacio Garat would depart at the end of the month after nearly five years. Mobico chair Phil White, who served as CEO of National Express Group between 1997 and 2006, took over on an interim basis as the search for a successor gets underway.<ref>{{Cite web |last=Taylor |first=Guy |date=2025-04-29 |title=National Express owner's chief executive runs out of road |url=https://www.cityam.com/national-express-owners-chief-executive-runs-out-of-road/ |access-date=2025-04-29 |website=City AM |language=en-GB}}</ref>
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