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Published on : Friday, November 29, 2013
The acquisition, comprising intercity and city bus services operator, Probo Bus, and PT Real*, an asset management and engineering company, will operate as part of Arriva, Deutsche Bahn’s division for passenger transport operations outside of Germany.
Employing approximately 200 people, the new business operates more than 110 vehicles split between its core business of inter-urban services in central Bohemia and the Plzensky region, and integrated intercity and urban transport in Prague, Beroun and Horovice. Annual revenues for 2012 were CZK 257 million (approximately €10.22 million as at December 2012).
Arriva has been active in the Czech Republic since 2006. The acquisition, for an undisclosed sum, sees Arriva expand its operations in the country to more than 2,000 buses, four trains and some 3,100 employees.
Mike Cooper, MD – mainland Europe and deputy CEO, said: “This latest acquisition further strengthens our position in the Czech Republic’s intercity and urban bus markets and complements our portfolio in central and eastern Europe.
“Probo Bus and PT Real have strong reputations and, alongside our existing businesses in the Czech Republic, are highly regarded for their operational excellence.
“We know the market well and our aim is to provide the best possible service to customers and continue our constructive relations with the Czech transport and tendering authorities.
“We look forward to welcoming our new employees to the Arriva group and taking the business forward.”
Arriva is focused on achieving organic, acquisitive and contractual growth in passenger transport markets across Europe. It now has a growing portfolio of passenger transport holdings and contracts across the UK and mainland Europe.