Arriva Group announces sale of Danish and Serbian businesses

Posted: 22 May 2023 | | No comments yet

Arriva Group streamlines its operations by selling its businesses in Denmark and Serbia, as part of its 2021 strategy to prioritise core markets in the UK and Mainland Europe.

Arriva Group announces sale of Danish and Serbian businesses

Credit: Arriva Group

Arriva Group has announced that it has successfully completed the sale of its businesses in Denmark and Serbia to Mutares SE & Co. KGaA. This sale marks a significant step in Arriva Group’s strategic plan to focus on its core markets in the UK and Mainland Europe.

The sale agreement, which also includes the sale of Arriva’s bus business in Poland (while retaining the Polish rail business), had been signed in September 2022. While the transactions for Denmark and Serbia have been concluded, the process for the sale of the Poland bus business is expected to be finalised by the end of May 2023.

The decision to re-focus the Arriva Group portfolio had been made following a comprehensive strategic review of the business conducted in partnership with Arriva’s shareholder, Deutsche Bahn. This strategic move aligns with the company’s forward-looking strategy to ensure a robust and competitive business for the long-term.

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This transaction follows the successful sale of Arriva’s rail and bus business in Sweden to VR Group in July 2022 and the sale of the company’s bus business in Lisbon, Portugal, to Dan Group in December 2022.

Arriva, with its 38,000 employees, delivers approximately 1.5 billion passenger journeys across 10 European countries. As part of Deutsche Bahn (DB), Arriva connects people and communities safely, reliably and sustainably. The company offers a comprehensive range of transportation services, including buses, trains, coaches, trams, water buses, car and bike-sharing systems, as well as on-demand transport solutions.

Currently, Arriva operates in the Czech Republic, Croatia, Hungary, Italy, The Netherlands, Poland, Slovakia, Slovenia, Spain and the UK, with its activities organised into four lines of business: UK Bus, UK Trains, The Netherlands and Mainland Europe.