Deutsche Bahn completes takeover of Arriva

German transport operator Deutsche Bahn said today its acquisition of bus and train operator Arriva was complete.

28 August 2010, 12:00am

Deutsche Bahn announced the completion of the deal, valued at 1.95 billion euros, in a statement.

It said Arriva generated about 3.8 billion euros in revenue in 2009 and has some 42,000 employees in Europe.

Arriva operates buses and trains in 12 European countries, including Britain.

Arriva heads the consortium that is earmarked to take over Malta’s public transport system and is currently in negotiations with Transport Malta to start the long-awaited reform by March. Tumas Group are the other partners in the consortium.