10/29/2023 0 Comments London 15 bus routeIt operates the London Overground rail network, as well as the Chiltern Railways and CrossCountry franchises and has more than 18,800 staff in the UK.Ī spokesperson for I Squared – which is headquartered in Miami – said the US private equity firm had committed €2bn to expand and electrify Arriva’s fleet after its takeover, with a significant portion of those funds expected to be spent on its UK operations. The transaction is expected to be completed next year.Īrriva, which is headquartered in Sunderland and employs more than 34,000 people, operates bus and rail services across 10 European countries including the UK, where it is one of the largest train operators and runs a 4,700-strong fleet of buses across the country including some of London’s doubledecker red buses. The value of the deal suggests Deutsche Bahn – which has been described as being in a state of “permanent crisis” by Germany’s national audit office – made a loss on the sale, having paid €2.7bn for Arriva in 2010.
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