- Flix reached €2bn in annual total revenue
- EQT will invest through EQT Future
- EQT is a global investment firm with €242bn in total AUM
EQT and Kühne have agreed to acquire a 35 percent minority stake in Flix, a global travel tech company.
Flix, based in Germany, established market-leading positions for long-distance bus travel in Europe, North America and Turkey and is expanding into South America and India through its brands FlixBus, FlixTrain, Kamil Koç, and Greyhound. It reported 30 percent total revenue growth in 2023 and reached €2 billion in annual total revenue. This comes at an increased profitability with adjusted EBITDA of €104 million in 2023. FlixBus is expanding its services in UK, Portugal and…