AUSTRIAN Federal Railways\u2019 (\u00d6BB) passenger subsidiary \u00d6BB-Passenger has completed the purchase of Go-Ahead Group\u2019s German rail business, Go-Ahead Germany, for an undisclosed amount.<\/p>\n
The deal was cleared by the European Commission (EC) under European Union (EU) merger regulations in January.<\/p>\n
\u00d6BB had already announced its acquisition plans in October, when it confirmed that Go-Ahead Germany will continue to act as an independent company.<\/p>\n
Go-Ahead Germany currently holds five regional operating contracts in the south of the country. Three are in Baden-W\u00fcrttemberg and two are in Bavaria, accounting for approximately 10 million train-km per year in each state.<\/p>\n
\u00d6BB is hoping to use these contracts as a springboard to expand its operations in Germany.<\/p>\n
The purchase marks the complete withdrawal of Go-Ahead from the German rail market, though the company says that some trains will run with Go-Ahead branding for a short period of time.<\/p>\n
\u201cGo-Ahead continues to pursue opportunities for strategic expansion in both bus and rail in selected markets around the world,\u201d says Mr Miguel Parras, CEO of The Go-Ahead Group.<\/p>\n
\u201cI\u2019d like to pay tribute to the dedication and professionalism of all our colleagues in Germany over the last five years. We wish them well under the ownership of \u00d6BB.\u201d<\/p>\n
The post \u00d6BB completes acquisition of Go-Ahead Germany<\/a> appeared first on International Railway Journal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" AUSTRIAN Federal Railways\u2019 (\u00d6BB) passenger subsidiary \u00d6BB-Passenger has completed the purchase of Go-Ahead Group\u2019s German rail business, Go-Ahead Germany, for an undisclosed amount. The deal […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[47,5],"tags":[],"class_list":["post-7836","post","type-post","status-publish","format-standard","hentry","category-rail-news","category-transport"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t