Deutsche Bahn AG (DB) completes sale of Arriva Group to I Squared Capital. This transaction, which began with a purchase agreement in October 2023, is now subject to customary closing conditions and final approval by relevant regulators.
Arriva Group and its operating companies have all transferred to I Squared as part of the deal, ensuring continuity of services across Arriva’s footprint, and reassurance for employees who will continue to serve communities without any changes to their employment conditions.
“Closing this transaction marks an important milestone and an exciting new chapter for Arriva. It is an opportunity for Arriva to recommit to working alongside passenger transport authorities to deliver essential transport links and build a more sustainable future for our colleagues, customers and the communities we serve. With the backing of I Squared, an independent and highly reputable infrastructure investor, I am confident that we will deliver on that commitment for the benefit of the millions that Arriva serves”, Mike Cooper, Arriva Group CEO said.
“Decarbonising public transport is one of the next big challenges in the energy transition and we are excited to work with Arriva to provide the support and investment that will help the company achieve its vision of cleaner cities and greener public transport networks. We see genuine growth potential that can be unlocked at Arriva over the long-term. We are excited for what comes next and look forward to working with the whole Arriva team as we capitalise on the opportunities in the sector together”, Enrico Del Prete, Fund Partner at I Squared said.
The acquisition encompasses all of Arriva’s businesses across 11 countries
The activities of Arriva are divided into four business units: UK Bus, UK Trains, The Netherlands and Mainland Europe.
Arriva has passenger transport operations in the Czech Republic, Croatia, Hungary, Italy, the Netherlands, Poland, Slovakia, Slovenia, Spain and the United Kingdom, and also operates a rolling stock leasing company in Romania.
The price of the transaction, implemented by way of purchase of the entire share capital of Arriva, remains undisclosed. Arriva Group and its operating companies have all transferred to I Squared ownership as part of the deal.
There have been no changes to the employment conditions of Arriva employees.
I Squared has a track record of successful investments in infrastructure companies – from energy solutions companies such as Aggreko, through to transport and logistics services companies including TIP Group.
Arriva employs around 35.000 people and delivers around 1.5 billion passenger journeys across 10 European countries (the Czech Republic, Croatia, Hungary, Italy, the Netherlands, Poland, Slovakia, Slovenia, Spain and the United Kingdom).
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