Mutares, a company that acquires medium-sized companies in turnaround situations in order to sell them off again, agreed to acquire Danish, Polish Bus and Serbian business operations from Arriva Group, a public transport company. Financial terms were not disclosed. “With this acquisition we underline our experience in the logistics and transportation sector and we are very excited to welcome the Arriva businesses into our firm, strengthening our Goods & Services portfolio. The business model of Arriva is very promising as we see the demand for urban mobility concepts increasing, driven by the continuing trend for urbanization and a more sustainable way of transportation,” Johannes Laumann, Mutares CIO.