Tasmanian Redline Coaches, one of the state's largest busing operators, which has operated for more than 90 years providing school and charter services - is being acquired by bus company Kinetic.

Kinetic operate across Australia and New Zealand - and have operated airport transit business SkyBus in Hobart since 2018.

Kinetic Head of Australia Matthew Carney said Kinetic was excited to welcome Tasmanian Redline to its "growing transit platform".

"Tasmanian Redline has unrivalled experience as one of the state's pre-eminent transport operators and I congratulate the Larissey family and their team for their long-time commitment to supporting the state government and serving the community," he said.

"Buses are an important component of Tasmania's public transport network and tourism industry and as the major economic precincts of Launceston and Hobart continue to grow people will have an increasing need for regular and reliable bus services that get them to where they want to go.

"We have enjoyed strong relationships with Hobart Airport and the Tasmanian government, and we're excited to continue supporting our stakeholders to enhance existing bus networks while identifying opportunities to introduce innovative and sustainable transport solutions for Tasmanians and visitors alike."

Tasmanian Redline managing director Michael Larissey said he was excited to have the support of Kinetic to deliver the transport needs of Tasmania.

"We are a proud Tasmanian business with a deep-rooted history working with the government and other important stakeholders to connect people with where they need to go, and Kinetic has a strong alignment with our vision and we are really excited by the joint opportunities ahead," he said.

The acquisition is subject to conditions and is expected to be completed by the end of May.

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