Automobile holding Porsche SE and investment fund EQT have acquired a stake in Flix, a company specializing in bus and rail transportation, this is reported by the railway transport news portal Railway Supply.

Investments in bus and rail transportation
Photo: Flix

The deal, through which EQT and Kühne Holding funds acquired a 35% share in Flix, was completed in mid-July 2024.

Political Crisis in Bangladesh: How the Prime Minister’s Resignation Affected Railway Transportation with India

The size of the investment from Porsche SE is not disclosed, but it is reported to be a small double-digit figure in millions of euros.

Porsche SE views Flix as a successful company with significant growth potential and plans to support its continued expansion.

Flix is currently one of the leading operators of long-distance bus services in Europe, North America, and Turkey.

In the 2023 fiscal year, the company transported 81 million passengers, allowing it to increase its revenue by 30%, reaching 2 billion euros.

In addition to bus services, Flix also operates rail routes under the FlixTrain brand in Germany and Sweden, competing with national operators.

Photo: Flix

Rail business, industry, and railway technology news from Railway Supply that you might have missed:

Opening of New Metro Lines in Sydney: 15.5 km, Six Stations, and Improved Transport Connectivity