GERMAN Rail (DB) completed the sale of its Arriva subsidiary to global infrastructure investment manager I Squared on June 3. The deal with the US-based equity firm was originally announced in October 2023, but under EU merger regulations required ratification from the European Commission (EC), which was forthcoming in January this year.

Arriva’s rail portfolio includes its UK Trains and Netherlands businesses, as well as regional operating contracts in the Czech Republic that form part of its mainland Europe business.

The price of the transaction, implemented by way of purchase of the entire share capital of Arriva, remains undisclosed. Arriva Group and its operating companies have all transferred to I Squared ownership as part of the deal. There have been no changes to the employment conditions of Arriva employees.

“This is an opportunity for Arriva to recommit to working alongside passenger transport authorities to deliver essential transport links and build a more sustainable future for our colleagues, customers and the communities we serve,” says Arriva CEO, Mr Mike Cooper.