- Porsche SE invests a low double-digit million amount in Flix SE
- Part of the transaction are, EQT, together with Porsche SE, Kühne Holding and other co-investors
August 12 2024 13:55:53 UTC– Porsche SE invests in Flix SE, a global mobility platform, in a co-investment with EQT, aiming for sustainable and affordable services.
Munich, Germany-based Flix long-distance bus and train travel, with a focus on Europe. According to Porsche, Flix currently serves 5,600 destinations in over 40 countries worldwide, making it the
market leader for long-distance bus travel in Europe, North America and Türkiye.
Flix’ long-distance travel platform, showed strong revenue growth in recent years.
The investment aligns with Porsche SE’s strategy to work with top investors, expanding its consumer segment portfolio. In the fiscal year 2023, Flix transported a total of 81 million passengers and increased revenue by 30 percent to two billion euro. In the coming years, the company plans further growth in existing markets and the expansion into new markets, particularly in Latin America and Asia.
With the investment in Flix, Porsche SE expands its portfolio with the first investment in a
platform provider in the consumer segment.
The transaction, which is subject to regulatory approvals, is scheduled to complete by the end of 2024.