The Oklahoman

FlixMobili­ty buys Greyhound bus service, expanding US reach


German transporta­tion company FlixMobili­ty is buying Greyhound’s bus operations in the U.S. in order to strengthen its position in the country.

The purchase price is $140 million cash plus another $32 million to be paid in installmen­ts over 18 months.

FlixBus Global serves more than 2,500 destinatio­ns in 36 countries outside the U.S. with 400,000 daily connection­s. It started its U.S. business in 2018 with destinatio­ns across the Southwest, including Los Angeles, Las Vegas and Phoenix. Since then the company has expanded its operations to facilitate travel between additional cities in the Southwest, South, Northeast and Pacific Northwest.

Greyhound, founded in 1914, currently connects approximat­ely 2,400 destinatio­ns across North America, with nearly 16 million passengers each year. It has been owned since 2007 by FirstGroup PLC of Aberdeen, Scotland. FirstGroup said it will keep some Greyhound-related property and lease it back to the buyer.

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