low cost buses take over the historic American buses – Corriere.it

All of American history of the twentieth century but also the only way to really know America. so it was said: traveling with Greyhound is the only way to really get to know the United States. Now there will be FlixMobility. The German mobility group, known for low-cost travel throughout Europe through the FlixBus and FlixTrains brands, has bought from the British FirstGroup, Greyhound Lines, the historic brand of long-distance bus transport in the United States. The American giant had celebrated a century of history in 2015 but had accumulated large losses over the years that worsened after the pandemic. Now comes the acquisition which on the other hand represents an important step in FlixMobility’s vision of offering transport to the world that is easy to use, with affordable and environmentally sustainable prices.

It was 1914 when two miners unemployed immigrants from Sweden, they decided to found the company. The name chosen was derived from a very fast dog breed, the English greyhound. The first to use the Greyhound Bus were the miners of Minnesota but then the group became bigger and bigger until it became the symbol of a nation that was moving forward towards modernity. Now the sale with FirstGroup which has signed with Neptune Holding, 100% controlled by FlixMobilty, an agreement to sell the operating activities of Greyhound Lines in the United States. The company will receive $ 172 million in cash, of which $ 140 million was paid immediately and an unconditional deferred consideration of $ 32 million to be paid over 18 months. Consumers in North America are increasingly demanding accessible, comfortable, smart and sustainable mobility solutions. A convincing offer will lead many more people not to use private cars and to choose sharing mobility. FlixBus and Greyhound together will be able to better respond to this growing demand, said FlixMobility founder and CEO Andr Schwammlei.

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