Transperth is the successor to the municipally owned MTT. Its operations are effectively franchised to three companies: Path Transit, Southern Coast Transit and Swan Transit. Path Transit is part of a larger operation - Australian Transit Enterprises - including Hornibrook Coachlines in Queensland and Link SA in South Australia. Southern Coast Transit is a subsidiary of Veolia and before that was owned by National Express in the UK. Swan Transit is part of Transit Systems Australia which as interests in bus and ferry operations including parts of Adelaide Metro and, from October 2013, west Sydney. There is little to identify the ownership of individual vehicles in the highly standardised Transperth operation, though some bear discreet stickers denoting the operating company.