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FlixMobility Acquires US Bus Company Greyhound.

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Vincent

MANews-(C)2009-2021

German mobility provider FlixMobility, of the FlixBus and FlixTrain brands, has acquired US-based long-distance bus transportation provider Greyhound Lines, Inc from UK-based transportation group FirstGroup plc (LSE: FGP), the company said.

This acquisition marks another important step in FlixMobility's vision to provide easy-to-use, affordable, and environmentally friendly travel for consumers across the globe.

The purchase brings together FlixBus' global technology and shared mobility expertise with Greyhound's iconic nationwide presence and experience, creating a company that will be better able to service the needs of intercity bus travelers in the US.

Intercity bus lines were a lifeline during the pandemic for communities and essential workers, and as economies re-open, they will be a tremendous driver for sustainable growth across the country.

The FlixBus Global network serves over 2,500 destinations in 36 countries outside of the US with 400,000 daily connections.

Greyhound currently connects approximately 2,400 destinations across North America with nearly 16m passengers each year.

FirstGroup has reached agreement with Neptune Holding Inc, a corporation 100% controlled by FlixMobility, to sell Greyhound Lines, Inc., the US Greyhound operating business (including its vehicle fleet, trademarks, and certain other assets and liabilities) for...

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