Clearwater advises Transdev on the sale and carv-out of Flygbussarna Airport Coaches to Vy

Clearwater has advised international transport group Transdev on the sale and carve-out of Flygbussarna Airport Coaches to Vy, one of the largest train and bus companies in the Nordic region.

Transdev Group, an international transport group with more than 80,000 employees, has made a strategic decision to focus on the core of their business: transport procurement and services to business customers (B2B). For this reason, Transdev decided to divest Flygbussarna Airport Coaches.

Flygbussarna offers straightforward and comfortable airport transfers by bus to and from all the major airports in Sweden. It is the leading public airport transfer company in Sweden and has a turnover of more than €47m (SEK 500m). Flygbussarna has a fleet of 85 fossil-free buses that covers seven different airports, served by twelve separate routes. In total, close to five million journeys were made in 2019.

The acquirer Vy is one of the largest train and bus companies in the Nordic region, with a turnover of €1.5bn (NOK 16bn). The bus department has 7,400 employees, 3,300 buses and a turnover of €140m (NOK 6bn) derived from procurements and commercial transportation. The train department has 3,200 employees and a turnover of €897m (NOK 9.6bn).