VR Group to acquire the Swedish business of Arriva Group.

VR Group, a service company that focuses on travel, logistics and maintenance, agreed to acquire the Swedish business of Arriva Group, a provider of transport services. Financial terms were not disclosed. “A decision to sell our business in Sweden, whilst difficult to make, is part of our forward-looking strategy to manage a tighter portfolio and ensure we maintain a strong and competitive business for the long-term. Today’s announcement is good news for our colleagues in Arriva Sweden. The agreement for VR Group to acquire the entire business, which includes two rail, three bus and two multimodal contracts with all colleagues – around 3.8k - transferring over on completion, will provide continuity and certainty for our Swedish colleagues, passengers and clients alike," Mike Cooper, Arriva Group CEO.