FLIXBUS TO TAKE OVER EUROLINES AND ISILINES FROM TRANSDEV
FlixBus conducts exclusive negotiations with French public transport company Transdev on the acquisition of the long distance bus activities of Eurolines and Isilines. With the deal, FlixBus believes in particular to strengthen its position in France.
According to Jochen Engert, founder and CEO of FlixBus, the acquisition aims to further strengthen the position of FlixBus in France as market leader. At the same time, the integration of the Eurolines and Isilines networks must increase the European reach of FlixBus. FlixBus started offering cross-border intercity bus transport in Germany in 2013. France followed two years later. FlixBus proudly states 'that it has shown that it is possible to offer significantly better quality and at the same time be profitable in this highly competitive market'. Over the past year, the number of daily FlixBus connections and passengers has grown by more than 40% in France and worldwide. Eurolines has operational companies in France, the Netherlands, Belgium, the Czech Republic and Spain with a bus network that spans over 25 countries. Within France, Eurolines also operates under the Isilines brand. Thierry Mallet, CEO of Transdev Group, states in the press release announcing the take over that this potential disinvestment is in line with Transdev's strategy to focus on the core business of the company: public transport and B2B transport services.
Since it started in 2013 FlixBus has transported 45 million people in Europe and the USA. FlixBus, which presents itself as a combination of tech start-up, e-commerce platform and transport company, has set up a network that spans 29 countries. This year, FlixBus plans to bring its service to Russia and expand it in the US.