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).
Transdev sold Flygbussarna Airport Coaches to Vy
Transdev sold Flygbussarna Airport Coaches to Vy
Undisclosed
Adviser to Transdev on the sale of Flygbussarna Airport Coaches to Vy
Kuluttajatuotteet
Ruotsi
Flygbussarna has been a successful part of Transdev Sverige and has grown significantly since the acquisition in 2007. We are very happy to reveal that Vy is taking over ownership of Flygbussarna. Vy is, just like Flygbussarna, very customer-oriented and will continue to develop the business in the future.
We are looking forward of becoming a part of the Vy-group. We will have an owner who wants to focus on B2C and that will facilitate growth by continued investments in our employees and customers.
We will take the best out of our two businesses and create something even better. We’re not satisfied with just acquiring Flygbussarna, we have big plans to expand and allow more passengers to experience comfortable, eco-friendly and affordable journeys to and from our airports.
It’s been exciting to work with Flygbussarna, a well-known, much appreciated and leading brand. The sales process generated much interest from many investors which made it possible to facilitate a very competitive process. Vy is a leading company within the transport sector with a focus on B2C-business, which suits Flygbussarna very well.
Neuvonantajat
Referenssit
Leading Swedish dietary supplement brand takes the next step towards more accessible everyday health
Adviser to BioSalma on its sale to Vision Healthcare
Ninepine takes the next step towards becoming a global legacy brand
Adviser to Ninepine on the sale to an investor consortium led by Yanno Capital and Nea Partners
Leading digital omnichannel marketplace in Sweden and Finland secures investment
Adviser to Inflexion on its investment in Mecenat Group AB
Investment in fast-growing wallpaper company with strong portfolio of premium brands
Adviser to the founders and management of Gimmersta Wallpaper on the minority sale to Priveq