27 Sep 2022
Arriva Group reaches agreement for Mutares to purchase its businesses in Denmark and Serbia, and its bus business in Poland
- Transaction is part of Arriva Group’s forward-looking strategy to operate a tighter portfolio and remain competitive for the long-term
- New ownership to provide future growth opportunities for these businesses
- Transaction is expected to complete towards the end of 2022
Tuesday 27 September 2022, London. Arriva Group is pleased to announce that it has entered into an agreement for the sale of its businesses in Denmark and Serbia, as well as its bus business in Poland to Mutares - an international financial investor - completing its strategy, launched in 2021, to focus on its core markets in the UK and Mainland Europe.
The sale agreement includes the purchase of:
- The entire Danish business, including the bus, water bus and rail businesses, its franchise in the car-sharing company SHARE NOW and UCplus, a nationwide education centre.
- The entire Serbian business, which is the second largest private operator of buses in Serbia.
- The Polish bus business, which operates city-based public transport contracts in Warsaw, and regional services in the Kujawsko-Pomorskie and Pomorskie regions.
- The Polish rail business unit is not part of the transaction and will remain part of the Arriva Group portfolio.
Completion of the transaction is expected towards the end of 2022, subject to customary closing conditions, including, amongst others, approval by the Deutsche Bahn Supervisory Board and the German Federal Ministry for Digital and Transport, as well as antitrust clearance by the respective local authorities.
Commenting on the sale agreement, Arriva Group CEO, Mike Cooper said: “The agreement for Mutares to acquire the businesses in Denmark and Serbia and the bus business in Poland is good news for our colleagues, customers and stakeholders, providing clarity and continuity.
“Mutares has ambitions to maintain and grow operations and strengthen the market positions of these businesses. With a focus on Europe and the company’s expertise in the industry, I believe Mutares is well placed to support the continued development of these businesses going forward.
“I want to take this opportunity to thank everyone in these businesses for their contribution to Arriva and to the important role they have played, and will continue to play, in their local communities. I look forward to seeing them thrive and prosper under a new owner.”
A decision to refocus the Arriva Group portfolio was taken in 2020/21 following a strategic review of the business, carried out in partnership with Arriva’s shareholder Deutsche Bahn, and is part of the company’s forward-looking strategy to maintain a strong and competitive business for the long-term.
Today’s transaction follows the sale of Arriva’s rail and bus business in Sweden to VR Group which was completed in July 2022, and of Arriva’s bus business in Lisbon, Portugal to Dan Group which is expected to complete later this year.
Notes to editors
Arriva is a leading provider of passenger transport across Europe, employing around 40,000 people and delivering around 1.2 billion passenger journeys across 13 European countries. We are part of Deutsche Bahn (DB), one of the world’s leading passenger and logistics companies. With buses, trains, coaches, trams, waterbuses, car and bike-sharing systems, as well as on-demand transport solutions, Arriva proudly connects people and communities safely, reliably and sustainably, delivering these services in a better way, every day. The activities of 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, Serbia, Slovakia, Slovenia, Spain and the United Kingdom. For further information: www.arriva.co.uk
Mutares SE & Co. KGaA, Munich (www.mutares.com), acquires medium-sized companies and parts of groups with headquarter in Europe that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. Our goal is to acquire companies with revenues of EUR 50 to 750 million. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company.
Arriva Group press office