Transdev will take on another dimension in North America. The French public transport operator (coaches, buses and trains) announces the acquisition of First Transit for an undisclosed amount.
The American company operates no less than 12,000 vehicles (mainly buses and coaches) in the United States and Canada, makes 300 million trips each year to more than 300 sites in 41 states, four Canadian provinces and Puerto Rico, on behalf of the communities, universities, airports and private companies. Its annual income is $1.3 billion.
Remember that the United States already represents the third source of income for the subsidiary of the Caisse des dépôts et de consignations, after France and Germany.
complementarity
“Together, Transdev and First Transit will be better positioned to provide safe, cost-effective and environmentally friendly public transport services in a wide variety of public transport modes: buses and coaches, paratransit, shuttles, trains, trams, but also maintenance The transaction will strengthen the capacity of Transdev and First Transit to support mobility authorities in the United States and Canada in their energy transition towards decarbonization and provide mobility solutions at the best cost for communities, ”reads a statement. Press release.
The new entity will have a greater presence in the United States and will expand its geographic presence to the western provinces of Canada.
“By partnering with First Transit, Transdev adds new services and new expertise to its activities in the United States and Canada. This acquisition is very complementary in terms of regional presence and services offered. It is also part of Transdev’s Moving Green decarbonization strategy. Group. , and demonstrates our desire to continue investing in technology and in the decarbonization of fleets to provide increasingly safe and ecological transport services to the communities of these two countries”, he comments Thierry Mallet, CEO of the Transdev Group.
Source: BFM TV
