Web Trainseurostar - tfl - network rail - virgin train - world - rss - mobile version - us version - web trains international

Deutsche Bahn completes takeover of Arriva

UK.WEBTRAINS.NET
08/30/2010 AT 07:05

Following the Court hearings on 24 and 26 August 2010 and the registration of the Court orders, the Scheme of Arrangement pursuant to which DB UK Holding Ltd acquired all of the shares of Arriva plc has become effective. Arriva plc is now a wholly-owned subsidiary of DB UK Holding Limited. Arriva has made applications for the cancellation of the listing of Arriva shares, which will be effective from 8:00am on 31 August 2010.

„Today is a milestone for the passenger transport division of Deutsche Bahn as from today we offer mobility with a European dimension“, said DB´s CEO Dr. Rüdiger Grube. „Arriva will contribute c.10 per cent of the turnover of the DB Group. Therefore DB becomes not only a leading provider of passenger transport in Europe but it also creates substantial growth prospects from which all stakeholders will benefit: customers, tenderers, employees and the owner of DB.“

DB will move up from its marginal position with regard to turnover abroad in the passenger transport business to a top position. In addition to that DB will be in a leading position in the European passenger transport market. More than 42,000 (incl. Arriva Germany) employees of Arriva generated a turnover of c. 3.8 EUR bn in 2009. This makes Arriva one of the leading providers of regional passenger transport in Europe. In addition to services in the UK, Arriva also provides its bus and rail services in eleven other European countries.

„We welcome our committed and successful new colleagues“, said Ulrich Homburg, DB board member responsible for passenger transport. „Not only is the logistics business organised globally, but the passenger transport businesses also extend beyond the borders of Germany. The comprehensive experience of Arriva in European passenger transport is an advantage for us.“ DB will conduct its regional passenger transport activities outside Germany under the Arriva brand.

„Despite our enthusiasm about the new growth prospects in Europe, our main focus remains the core business in our German home market. We want to continue to be a leading provider of mobility services. Therefore, we will not cut back on any of our four initiatives: Customer & Quality, Technology, Investments and Market“, Dr. Grube continues. In the next five years, DB will invest more than 41 EUR bn in infrastructure, stations and rolling stock in Germany.

Arriva's German businesses will be divested as one package as required by the European Commission within the next months. DB assumes that the transaction will attract a high number of strategic and financial investors, who will play a significant role in the divestment process which is monitored by the European Commission. Arriva's business in Germany is operated entire separately from DB and DB cannot obtain any confidential information about Arriva's German business. Arriva generated c. 450 EURm turnover in 2009 with more than 3,100 employees.

SWT launches new bike and ride initiative

South West Trains, the UK's biggest commuter rail operator, is pioneering a new bike and ride initiative that will allow travellers to make greener integrated journeys.

Arriva shareholders approve DB takeover bid

Today the shareholders of Arriva plc voted in favour of Deutsche Bahn's offer for the company. Subject to approval by the competent antitrust authorities, completion of the transaction is scheduled for end of August 2010.

Green light for National Centre at Milton Keynes

Plans to develop one of the most sustainable office buildings in the country were given the go-ahead as Network Rail's new national centre received the stamp of approval from Milton Keynes' planning authority.

Deutsche Bahn successful in UK selection process

For the second time now within a very short period, Deutsche Bahn has won a selection process for the award of a local rail transport concession in another European country.

Eurostar celebrates 15 years

Eurostar, the high-speed passenger service which links the UK and the continent, celebrated 15 years of service, over 100 million travellers and the equivalent mileage of 338 trips to the moon with a multi-media advertising campaign which was designed for maximum customer engagement.

Network Rail's new national centre

Network Rail's new national centre – which will revitalise an underused corner of central Milton Keynes and bring up to 3,000 jobs to the city – moved a step closer today with the formal submission of a planning application to Milton Keynes Council.

Wifi service on West Coast Main Line

T-Mobile and Virgin Trains today announced the launch of high speed wireless internet for passengers on all Pendolino Virgin Trains on the West Coast Main Line.

Better passenger signs for Super Voyager train

Following universal passenger praise for the improved information signage on its Pendolino trains, Virgin Trains is now trialing new signs on its Super Voyager train fleet.

CCTV technology for Long Eaton passengers

Passengers travelling from Long Eaton station are the first to benefit from the pilot of a new improved CCTV monitoring system for the station. East Midlands Trains has chosen Long Eaton to trial a new system which will potentially roll out to a number of its other 87 stations next year.

Timetable changes 14 Dec 08

South West Trains 2008 winter timetable comes into effect on 14 December and includes some minor alterations.

© Copyright Web Trains 2017
Site and contents are protected by the french "droit d'auteur" and the Code of the French Intellectual Property
Protected by time-stamping and deposited to an usher
Reproduction not allowed

Privacy Policy - Terms of Service