Greyhound buses: Flixbus buys an icon

Greyhound buses: Flixbus buys an icon
Greyhound buses: Flixbus buys an icon

Flixmobility is transferring the equivalent of 148 million euros to the British rail and local transport company FirstGroup. In addition to the buses, Flixmobility is also acquiring their drivers and the brand. The package does not include the Greyhound’s real estate or pension obligations.

With the acquisition, Flixmobility will become number one in the US long-distance bus market: up to the pandemic, 62 million guests a year used the buses. However, the corona crisis hit the company with the greyhound logo: Most recently, only 10,000 passengers drove with it every day. According to the annual report, Greyhound made a loss of the equivalent of 10.4 million euros in the 2020/21 financial year.

IPO not excluded

In the USA, Canada and Mexico there are 1,300 greyhound buses that, according to Flixmobility, go to 2,400 destinations in North America. Flixbus itself has been represented in the USA since 2018. Operations started up again in the summer. USA boss Pierre Gourdain announced in June that Flixbus wanted to offer the most extensive network in the USA by 2023. Flixbus co-founder and managing director Andre Schwämmlein is quoted in a broadcast as saying that the offer will bring significantly more travelers away from their cars to long-distance buses.

Flixmobility, founded in 2012, is the holding company for the two brands Flixbus and Flixtrain. The company does not rule out an IPO.

 
For Latest Updates Follow us on Google News
 

PREV Switzerland-Vietnam: leaders in favor of the rapid conclusion of the free trade agreement
NEXT Most cases were recorded in Eastern and Central Switzerland