Eleventh acquisition in 2022: Mutares has signed an agreement to acquire Arriva Denmark, Poland Bus and Serbia from the Arriva Group

• New Platform acquisition strengthening the Goods & Services segment
• Revenues of ca. EUR 400 million with vast main market in Denmark
• Operator in the public transport market of growing urban mobility trends

Munich, 27 September 2022 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire the Danish, Polish Bus and Serbian business operations of Arriva Group, which belongs to the Deutsche Bahn AG. The closing of the transaction is expected towards the end of 2022, subject to customary closing conditions, including, among others, approval by the Deutsche Bahn Supervisory Board and the German Federal Ministry for Digital and Transport, and antitrust clearance by the respective local authorities.

While all Businesses offer urban, regional and commercial bus services, the Danish Business additionally offers rail and water transport services. Arriva Denmark also offers car sharing services under the franchise SHARE NOW in Copenhagen and operates a vocational training center. In total, the Business generates around EUR 400 million in revenues with approx. 3,400 people across the three countries.

While increasing operational efficiency with its own team of functional experts, Mutares also plans to leverage its strong expertise in tendering for public sector contracts, consequently fostering Arriva’s leading position in the respective markets.

“With this acquisition we underline our experience in the logistics and transportation sector and we are very excited to welcome the Arriva businesses into our firm, strengthening our Goods & Services portfolio. The business model of Arriva is very promising as we see the demand for urban mobility concepts increasing, driven by the continuing trend for urbanization and a more sustainable way of transportation,” comments Johannes Laumann, CIO of Mutares.