Arriva’s Italian acquisition

Posted by Bus & Coach Buyer on | No Comments
Arriva’s Italian acquisition

Arriva has acquired Italian bus operator, Savda. Based in the country’s northern Aosta Valley, Savda operates almost 50% of the region’s local bus network, private hire services and long distance routes to Turin, Milan and into Switzerland and France. Arriva purchased the operation from the Bordon family. The acquired business employs 145 people and has a fleet of over 100 buses across three depots. In 2015 it generated revenues of £9m. To ensure a smooth transition, Giuseppe Proto, MD of Arriva’s Turin based Sadem bus operation and Arriva Italia Rail, will become MD of Savda. The sale sees Arriva continuing to grow in northern Italy where it now employs 3,550 people and operates 2,400 buses across the Lombardy, Piedmont, Liguria and Friuli Venezia-Giulia regions.

MD of Arriva Italy, Leopoldo Montanari, said, ‘We are delighted to bring Savda into the Arriva Italy family and look forward to investing further into the business in the months and years ahead. Arriva has always invested in local communities across Italy and we have proven that, working closely with local authorities, we can provide effective and efficient public transport services. Savda is an established business and considerably grows our presence in the bus market across the Aosta Valley and the area surrounding Turin.’

Cookies

This site uses some unobtrusive cookies to store information on your computer, these are in place to ensure that you receive the best possible experience when using the Bus & Coach Buyer website.