Arriva takes lead position in Central and Eastern Europe

TRANSPORT firm Arriva has become the largest international passenger transport operator in Central and Eastern Europe following the acquisition of Veolia Transport Central Europe (VTCE) by its parent company Deutsche Bahn.

Arriva is responsible for Deutsche Bahn’s regional passenger transport services outside Germany and is focused on achieving organic, acquisitive and contractual growth in passenger transport markets across Europe.

The cost of the acquisition has not been disclosed but VTCE annual revenues for 2012 were £213.9m.

VTCE employs more than 6,300 people and operates some 3,400 vehicles from some 60 depots across six countries.

The acquisition complements and expands Arriva’s activities in existing markets in Czech Republic, Poland and Slovakia, and sees the business enter new markets in Croatia, Serbia and Slovenia.

It further expands Arriva’s growing portfolio of passenger transport holdings and contracts across the UK and mainland Europe, bringing the total number of countries in which Arriva has a presence to 15, with a workforce of more than 55,000 people.

Mike Cooper, deputy chief executive office and managing director for mainland Europe, said: “This acquisition is an important strategic fit for Arriva. It provides a unique opportunity for us to achieve a sustainable, strong market-leading position in Central and Eastern Europe. “The businesses are highly regarded for their operational excellence and we will be seeking to build on this success. We very much look forward to welcoming our new employees to the Arriva group.”

Arriva_Train

Source : nebusiness

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