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16.04.24 - Arriva rebrands to GoCollective and secures future investment plans

Copenhagen, April 16, 2024

Public transport operator Arriva Danmark A/S today announces a successful bond issuance totaling 40 million euros. Simultaneously, Arriva changes its name to GoCollective A/S following its acquisition in May 2023 by the German private equity firm Mutares.

Investors from 12 different countries are behind the oversubscribed bond issuance, with the new owner Mutares contributing additional 4 million euros as equity. Carl Kistenmacher, Head of Nordics, and UK at Mutares, expressed great satisfaction with the strong investor interest in the company:

“Over the past 9 months, the company finalized its restructuring, repositioned as an autonomous public transport operator and successfully won its first tender after the completion of the acquisition. The company is now focusing on commercial expansion and with over 20 years of proven experience, a talented management team and now a financing in place, the company is well positioned to achieve its ambitious plans.”

CEO of GoCollective A/S, Marianne Bøttger, is looking forward to executing the company’s strategic plans with this investment after achieving a positive turnaround:

“We have now received worth 40 million euros in trust from the market, which we will translate into results. On that basis, I am very optimistic about the future of GoCollective. This milestone is highlighted by our name change from Arriva to GoCollective. With this name we manifest our dedication to taking responsibility and having ambitions on behalf of public transport and mobility in Denmark. Our name is a call to action upon our passengers, business partners, employees and everyone else to join us in strengthening public transport, which truly is a collective journey.”          

The bonds have been listed on the Open Market of the Frankfurt Stock Exchange and will be listed on the Nordic ABM within 12 months of the first issue date. The bonds were issued on 12th April 2024 and have a tenor of 3 years.

 

For more information, please contact:

Pia Hammershøy Splittorff, Corporate Affairs Director, pia.splittorff@gocollective.dk

GoCollective press phone: +45 71 99 57 50

About GoCollective

About GoCollective

GoCollective has been part of public transport in Denmark since 1997, when the British company Arriva bought Danish Unibus. Since then, Bus Danmark, Combus, Wulff Bus, Veolia Danmark and Pan Bus have also become part of GoCollective. Today, GoCollective’s bus activities are spread over both regional and city traffic throughout the country. GoCollective is also the market leader when it comes to operating gas buses, i.a. line 5C in Copenhagen, where 37 gas buses were deployed in 2017 to serve Northern Europe’s busiest bus line.

 

Ever since its inception in 1997, GoCollective has also run the private education center UCplus, which has more than 40 years of experience in adult education. UCplus offers Danish courses, Danish tests, transport courses, guard and security courses across 8 locations in Denmark.

In the port of Copenhagen, GoCollective also sails the harbor buses, which have been a large part of the burgeoning life on the harbor front since they had their first trip in 2000. GoCollective has won the contract several times. At the latest in 2020, when completely new electric harbor buses were deployed.

 

In 2003, GoCollective entered the Danish rail market after winning the first rail tender in Danish history – the tender for the regional rail operation in Central and Western Jutland. Subsequently, GoCollective has regained the contract in both 2009 and 2018, and is responsible for the rail contract up to and including 2028. With the extension in 2018, GoCollective simultaneously added two new routes, Odense-Svendborg and Vejle-Struer, thereby increasing rail traffic by approximately a third.