At privatisation, there were three franchises covering the current "Greater Western" franchise area:
Thames Trains (owned by Go-Ahead) which was directly replaced in 2004 by First Great Western Link- fleet consisted entirely of 165s and 166s
Wales and West (Prism Rail/Nat Ex) till 2001, then after a reorganisation, Wessex, who ran all the "local" services in the SW
Great Western (owned by management, Badgerline and private equity) which only ran High Speed and Sleeper services. This was taken over by First in 1998.
The three were merged in 2006.
Thames Trains (owned by Go-Ahead) which was directly replaced in 2004 by First Great Western Link- fleet consisted entirely of 165s and 166s
Wales and West (Prism Rail/Nat Ex) till 2001, then after a reorganisation, Wessex, who ran all the "local" services in the SW
Great Western (owned by management, Badgerline and private equity) which only ran High Speed and Sleeper services. This was taken over by First in 1998.
The three were merged in 2006.
