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Flixbus buys Greyhound and becomes the US bus market leader

Flixmobility has acquired Greyhound Lines, the largest long-distance coach operator in North America, from First Group. The company has now announced this.

With the takeover of Greyhound from the largest British transport group First Group, Flixbus becomes the market leader in the US long-distance bus market in one fell swoop. First Group wants to focus more on public transport in Great Britain. The purchased package includes the buses, the drivers and the Greyhound brand. It does not include Greyhound's real estate and Greyhound's pension obligations. The purchase price was estimated at 172 million dollars (equivalent to 148 million euros).

Mobility revolution through long-distance buses

So far, Flixbus' global portfolio consisted of more than 400,000 daily connections with over 2,500 destinations in 36 countries outside the USA. Greyhound currently connects 2,400 destinations in North America with nearly 16 million passengers annually. Flixbus itself launched its US operations in 2018 with 27 destinations in the Southwest's largest cities, including Los Angeles, Las Vegas and Phoenix. Since then, the company has expanded its operations, offering travel to 195 additional cities in the Southwest, South, Northeast and Pacific Northwest. Both companies are to be merged in the medium term.

In its expansion plans, Flixbus relies on the excellent environmental balance of long-distance buses in terms of CO2 emissions. They are convinced that long-distance buses will be decisive for a sustainable mobility turnaround worldwide.,

In the past eight years, Flixbus has developed into the largest long-distance bus provider in Europe and brought over 62 million people to their destinations in 2019 alone. The acquisition of Greyhound represents an important milestone in Flixmobility's global expansion and is a key enabler for the company's future growth. Flixmobility is the umbrella company for the two brands Flixbus and Flixtrain. Flixmobility is owned by numerous investors, including General Atlantic and Permira. According to the latest information, the three Flixbus founders André Schwämmlein, Jochen Engert and Daniel Krauss still hold just over 25 percent of the shares.

Conclusion

With the acquisition of Greyhound, Flixmobility becomes the market leader in the US long-distance bus market in one fell swoop. In Europe, that was already the case.

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