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Ground Transport

Germany’s FlixMobility buys US’s Greyhound buses

By Molly Dyson / 21 October 2021 / Contact Reporter
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German mobility provider FlixMobility, which runs Europe’s FlixBus and FlixTrain services, has acquired Greyhound Lines, Inc, the largest provider of long-distance bus services in the US.

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FlixMobility bought Greyhound from British firm FirstGroup for $172 million, with $140 million paid initially and $32 million to be paid in instalments over 18 months, through its wholly-owned Neptune Holding company. The sale includes Greyhound’s vehicle fleet, trademarks and “certain other” assets and liabilities.

The FlixBus Global network serves more than 2,500 destinations in 36 countries outside of the US, while Greyhound currently operates around 2,400 destinations across North America and serves nearly 16 million passengers a year, according to FlixMobility.

FlixMobility said the acquisition will help the company realise its vision to offer sustainable and affordable travel around the globe at a time when people are showing interest in alternatives to individual car usage to reduce their carbon footprint.

Andre Schwammlein, founder and co-CEO of FlixMobility, commented: “Consumers across North America are increasingly seeking affordable, comfortable, smart and sustainable mobility solutions. A compelling offering will draw significantly more travellers away from private cars to shared intercity bus mobility. Together, FlixBus and Greyhound will be better able to meet this increased demand. As our business continues to recover from the effects of the pandemic, we will replicate the success that we have already achieved in 36 countries outside of the US with our innovative and customer centric approach.”

Jochen Engert, founder and co-CEO of FlixMobility, added: “The continuous expansion of our services through partnerships and acquisitions has always been an integral part of our growth strategy to build our global presence. The acquisition of Greyhound is a major step forward in the US. The FlixBus and Greyhound teams share a common vision to make smart, affordable and sustainable mobility accessible to all.”

FirstGroup’s executive chairman David Martin said: “The sale of Greyhound to FlixMobility is part of our portfolio rationalisation strategy to refocus FirstGroup on its leading UK public transport businesses. The strength of Greyhound is its people, and I would like to thank them for their unwavering commitment to their customers and communities. As part of FlixMobility, I am confident that Greyhound will be well placed to continue to grow and develop their iconic services for many years to come.”

FirstGroup is the UK’s second largest regional bus operator and also holds government contracts for the Avanti, Great Western Railway, South Western Railway and TransPennine Express rail franchises, as well as open access operations Hull Trains and Lumo.

In 2018, FirstGroup blamed a £327 million loss on fierce competition for Greyhound’s intercity services from increasing capacity on low-cost US airlines.

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