Mutares has successfully completed the acquisition of Arriva Denmark and Serbia from the Arriva Group
- Revenues of ca. EUR 350 million with vast main market in Denmark
- Platform acquisition to strengthen the Goods & Services segment
- Operator in the public transport market
Munich, 16 May 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of the Danish and Serbian business operations from Arriva Group, which belongs to the Deutsche Bahn AG. The transaction of the Polish Bus business will be closed in the course of the next weeks.
In total, the business generates revenues of around EUR 350 million with approximately 2,500 employees in the two countries Denmark and Serbia. Both 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.