Mutares has successfully completed the acquisition of Arriva Poland from the Arriva Group
- Revenues of ca. EUR 50 million
- Strengthening the Goods & Services segment
- Operator in the public transport market
Munich, 15 June 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of the Polish bus business operations from Arriva Group, which belongs to Deutsche Bahn AG, after the closing of the Danish and Serbian business in mid-May. The rail division of Arriva Poland will remain with Arriva Group.
With around EUR 50 million in revenues and approximately 900 employees, the Polish bus business offers commercial bus services. In total, the acquired businesses from Arriva Group strengthen the Mutares Goods & Services segment with revenues of around EUR 400 million and 3,400 employees. The businesses offer urban, regional and commercial bus services. In addition, the Danish business also offers rail and water transport services as well as car-sharing services under the franchise SHARE NOW in Copenhagen and operates a vocational training center.
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.