19 May 2022
Arriva Group reaches agreement for Dan Group to purchase its Portuguese business
- Sale of business in Portugal (Transportes Sul do Tejo) is part of Arriva Group’s forward-looking strategy to operate a tighter portfolio and remain competitive for the long-term
- Sale would provide future growth and opportunities for the business in Portugal
- All employees would be transferred over to Dan Group at completion
- Transaction is expected to complete in late August 2022
Thursday 19 May, 2022. The Arriva Group CEO, Mike Cooper said: “A decision to sell our bus business in Portugal is part of our forward-looking strategy to manage a tighter portfolio and ensure we maintain a strong and competitive business for the long-term.
“The agreement for Dan Group - Israel's second-largest transport company - to acquire the bus business in Portugal is good news for our colleagues, passengers and clients alike. The sale would include the purchase of Transportes Sul do Tejo’ (TST) which provides bus services in Lisbon, with colleagues transferring over on completion.
“TST has been part of the Arriva Group for around 20 years, and we have a long track record of providing high quality sustainable transport services in the City of Lisbon. Dan Group – with its long and strong history of partnering with local transport bodies and building its capability and footprint in Israel - is well-positioned to develop the business in Portugal and further its market presence.
“The transaction is expected to complete in late August and so our priority now is to support our colleagues in Portugal through the transition as they maintain their focus on delivering the very best services for passengers and client bodies.”
The completion of the transaction will be subject to customary closing conditions, including, among others, approval by the Deutsche Bahn Supervisory Board and the German Federal Ministry for Digital and Transport.
Notes to editors
About Arriva Group:
Arriva is a leading provider of passenger transport across Europe, employing around 43,000 people and, in 2021, delivering around 1.3 billion passenger journeys across 14 European countries. We are part of Deutsche Bahn, one of the world’s leading passenger and logistics companies.
With buses, trains, coaches, trams, water buses, car and bike-sharing systems, and on-demand transport solutions, DB-Arriva proudly connects people and communities safely, reliably and sustainably, delivering these services in a better way, every day. The activities of DB-Arriva are divided into four lines of business: UK Bus, UK Trains, The Netherlands and Mainland Europe.
Arriva has operations in the Czech Republic, Croatia, Denmark, Hungary, Italy, the Netherlands, Poland, Portugal, Sweden, Serbia, Slovakia, Slovenia, Spain and the United Kingdom.
For further information: www.arriva.co.uk
About Transportes Sul do Tejo (TST) by Arriva:
TST is the largest operator of Public Passenger Transport on the south side of the Tagus in Lisbon, where it has been operating for over 40 years. It recently tendered and won a seven-year contract to provide public passenger transport services in the municipalities of Almada, Seixal and Sesimbra, including connection lines to Lisbon, Setúbal, Barreiro and Moita, which will start on July 1, 2022 using 339 buses (290 new ones) and more than 800 workers, mostly drivers. TST will operate under the umbrella brand, Carris Metropolitana, owned by the Transport Authority TML (Transportes Metropolitanos de Lisboa). TST also maintains a small bus rental business, under its own brand, with regular specialised and occasional services in its area of operation.
For more information: www.tsuldotejo.pt
About Dan Group:
Dan Group, Israel's second-largest transport company, serves 150 million passengers each year and operates in the country's south, centre and north (through 20 local authorities). The group employs approximately 4,500 employees, mostly drivers.
The Group is a pioneer in the field of electric buses and is converting a large portion of its fleet to green electric buses. All the new buses from now on will be electric.
The Group operates about 2,300 buses, including a flexible transportation service and smart public transportation (using an algorithm in real-time according to changing destinations by users).
Recently the Group, together with its partners, won the tender for operating the green line of the light train in Tel Aviv metropolis, which is the biggest train projects in Israel now days. Dan Group is one of the leading groups in the infrastructure and real estate fields.
Dan Group owns the concession and operates a significant part of the biggest infrastructure projects in Israel, like the toll/fast lanes, the most significant line of the LRT system of metropolitan Tel Aviv, the largest desalination plant in Israel, and a sewage purification plant.
In addition, Dan Group has some more transportation-related and other concessions.
Dan Group is a significant player in the real estate market with vast entrepreneurship in housing, offices and commercial real estate.
For more information: www.dan.co.il
Contact information
Arriva Group press office
communications@arriva.co.uk
