Deutsche Bahn signs agreement to sell Arriva to I Squared
Summary
Over the past few years, DB has worked successfully with Arriva to stabilise its business after the Covid impact and to focus the company’s sustainable growth strategy on relevant markets. Dr Levin Holle, Member of the Management Board for Finance and Logistics and CFO of Deutsche Bahn AG: “We are happy that I Squared is willing to support Arriva in its future growth. At the same time, the sale to I Squared will give Arriva new options to support its growth potential, for example for the future electrification of European fleets. I Squared is a leading investor in transport and logistics and in decarbonisation technologies, with a track record of investing significant capital in companies to support their transition to sustainable modern public utilities. With buses, trains, coaches, trams, waterbuses, bike-sharing systems, and on-demand transport solutions, Arriva proudly connects people and communities safely, reliably and sustainably, delivering these services in a better way, every day.