German Bahn (DB)German public railway operator reaches agreement with fund I Squared the Capital Sale of British transport operator for approximately 1.6 billion euros Aboveowner of the iconic London double-decker buses and has existed since 1999 In Spain, where it acquired Empresa de Blas o Autos Carballo (Aucasa) and its subsidiary Santiaguesa Metropolitana. in the field to Coruña holds the privilege of bus lines between A Coruña, Arteixo, Carballo and a Costa da Morte.
The transaction, which is expected to be completed in 2024, involves the sale of all of Arriva’s businesses operating in a dozen European markets to the US fund, pending board approval. supervision WB and German Federal Ministry of Transport and Digital.
Disposal of Arriva, which the German public operator acquired in 2010 for approx. 1.8 billion, It is part of DB’s strategy to seek further growth in rail transport in Germany and to focus its resources on its core business.
“Arriva has good prospects for sustainable growth as market liberalization progresses in Europe“, Deutsche Bahn Chief Financial Officer Levin Holle underlined that Deutsche Bahn’s strategic goal is to “make record investments in environmentally friendly railways in its core business”, together with increasing public investment in German railway infrastructure.
“The sale to I Squared will provide Arriva with new options that will support its growth potential, such as the future electrification of European fleets. For us, the agreed sale is an important step to focus more on the further growth of the company. rail transport “In Germany,” he added.
Arriva’s CEO said, mike cooperHe said the sale to I Squared was “a fantastic opportunity for Arriva and the start of a significant new chapter for the business” as the fund’s investment would help unlock new opportunities and create value.
Arriva employs approximately 35,500 people and 1.5 billion trips It increases passenger numbers in 10 European countries through buses, trains, coaches, trams, bike-sharing systems and on-demand transport solutions, making the company one of Europe’s leading providers of passenger transport.
Arriva’s activities are divided into four business lines: UK Bus, UK Trains, Netherlands and mainland Europe. Arriva has operations mainly in the Czech Republic, Croatia, Hungary, Italy, Netherlands, Poland, Slovakia, Slovenia, Spain and the United Kingdom.
It has existed in the Spanish market since 1999 after its acquisition. Ideal Automobile, Transportes Finisterre and Rutabús, Arriva strengthened its presence in the country by acquiring strong and well-known regular line operators. Blas y Cía Company in 2008 or Carballo Cars (Aucasa) and its subsidiary Greater SantiagoIn 2016.
In this way after more than one time 20 years In the Spanish market, Arriva serves more than 40 million passengers in the Spanish market every year.