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NedRailways announced today that is has acquired Czech bus operator
PROBO TRANS BEROUN, spol. s.r.o. (“Probo Trans Beroun”) for an undisclosed sum,
with KPMG Corporate Finance team acting as financial advisor to the sellers.
With revenues of around EUR 10 million, Probo Trans Beroun is a privately-held company owning 120 buses and employing 200 people. The company operates national, regional and municipal bus services, with over 70 routes, mainly west of Prague. The average age of the bus fleet is six years.
Probo Trans Beroun is one of the best-run Czech bus companies. It plays a vital role for the communities it serves and is recognised as a quality bus service provider by regional authorities and customers alike.
Zdenek Prochazka, the current majority owner and CEO of Probo Trans Beroun said: “Probo Trans Beroun means a great deal to me and the other owners. We have gradually gained a stable position in the regions we serve by long-term planning and continuous development. Probo Trans Beroun needs a new stimulus for further development. NedRailways is the right partner for the continued expansion of our company. The current management team looks forward to working with NedRailways.
NedRailways CEO, Anton Valk said: “NedRailways is very excited to be entering the important Czech passenger transport market for the first time by the acquisition of
Probo Trans Beroun. This step fits well into our ambition to become a European multi-modal public transport provider.
He added: “Probo Trans Beroun has an outstanding track record in delivering quality, state of the art public transport in the Central Bohemian Region. We are looking forward to further developing this with this with the company’s excellent team and the regional and local authorities.”
“Moreover this acquisition will be our platform to explore further opportunities in the Czech market and to realise our growth ambitions, “concluded Anton Valk.
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