Permira-backed FlixMobility completed the acquisition of Greyhound Lines from FirstGroup for $78m.

Permira-backed FlixMobility, a company offering coach transport, completed the acquisition of Greyhound Lines, a provider of long-distance bus transportation, from FirstGroup, a private sector provider of public transport, for $78m. “Consumers across North America are increasingly seeking affordable, comfortable, smart and sustainable mobility solutions. A compelling offering will draw significantly more travellers away from private cars to shared coach mobility. Together, FlixBus and Greyhound will be better able to meet this increased demand. As our business continues to recover from the effects of the pandemic, we will replicate the success that we have already achieved in 36 countries outside of the US with our innovative and customer centric approach," André Schwämmlein, FlixMobility Founder and CEO.