TIBS Holdings
From Wikipedia, the free encyclopedia
| TIBS Holdings Ltd | |
 |
|
| Type | Defunct / Acquired |
|---|---|
| Founded | Singapore, May 31, 1982 |
| Headquarters | Ang Mo Kio, Singapore |
| Industry | Public transport |
| Employees | 2,000 (2000) |
| Website | www.tibs.com.sg (Defunct) |
Trans-Island Bus Services (TIBS) was incorporated on May 31, 1982 after the Singapore government proposed the formation of another bus service company to compete with Singapore Bus Services (now SBS Transit) in 1981.
TIBS began its services on April 3, 1982 with 37 Hino RK176 buses north-plying two routes taken over from Singapore Bus Services when the government gave the company exclusive operating rights in the northern towns of Sembawang, Woodlands and Yishun.
Its buses were coloured distinctly in pale beige with yellow and orange lines. In addition to its regular buses, it also operates the unique Bendy Buses - a fleet of Mercedes-Benz O405Gs.
On March 12, 1987, TIBS acquired Singapore Shuttle Bus Pte Ltd, a bus operator with limited routes serving mainly the city area. The next day, on March 13, TIBS became a public listed company on SESDAQ.
On May 2, 1990, TIBS Taxis Pte Ltd, a subsidiary of TIBS, was formed to operate taxi services. It is the only company in Singapore to operate a fleet of entirely large capacity taxis. It also operates the world-famous London taxis.
Another subsidiary, TIBS Motors Pte Ltd, was set up in 1990 to provide workshop services and carry out business as a distributor and agent for some motor vehicles.
In 1991, TIBS underwent a restructuring, bringing its subsidiaries under TIBS Holdings Ltd.
In 2001, it merged with Singapore MRT and became a subsidiary of the SMRT Corporation.
On May 10, 2004, in a S$2.5 million rebranding exercise the name "TIBS" was changed to SMRT Buses Limited (bus services) and SMRT Taxis (taxi services). The livery of all buses were subsequently painted to red from yellow.
