Porsche Automobil Holding SE ("Porsche SE") is investing a low double-digit million euro amount in Flix SE ("Flix"). The investment is a co-investment with EQT's impact fund EQT Future, which Porsche SE already invested in earlier this year. As part of the transaction, EQT, together with Porsche SE, Kühne Holding, and other co-investors, will acquire a stake of approximately 35 percent in Flix. EQT will support Flix in its further growth.
Munich-based Flix SE operates the world's leading mobility platform for long-distance bus and rail travel. Flix currently operates to 5,600 destinations in over 40 countries around the world. In the financial year under review, Flix transported a total of 81 million passengers and increased its revenues by 30 per cent to two billion euros. In the coming years, the company plans to continue growing in its existing markets. It will also expand into new markets, particularly in Latin America and Asia.
The joint investment in Flix is a further step in the cooperation between Porsche SE and EQT. The cooperation with one of the world's leading private equity and venture capital investors is a key element of the investment strategy of Porsche SE and the planned expansion of its investment activities.
„We see great growth potential for sustainable and affordable mobility services in the future and are looking forward to supporting Flix as it continues to expand its platform globally. The joint investment with EQT exemplifies our approach to work with globally leading investors to implement our investment strategy," said Lutz Meschke, a member of the board of management responsible for investment management at Porsche SE.
