Greyhound Lines, Inc., commonly known as Greyhound, is a household name in North America, providing the largest intercity bus service in the region. The company was founded in 1914 by Swedish immigrant Carl or Eric Wickman, who began a small transportation service using a seven-passenger car to carry miners between Hibbing and Alice, Minnesota. Over the years, the company expanded and changed ownership several times, facing competition from low-cost airlines, and more recently, the COVID-19 pandemic. In 2021, Greyhound was acquired by FlixMobility, a German company that operates Europe's largest long-distance bus network, FlixBus. This acquisition aimed to combine FlixBus's innovative technology with Greyhound's extensive nationwide network, creating a more sustainable and appealing travel option for customers.
Characteristics | Values |
---|---|
Current Owner | Flix North America, Inc. (an affiliate of FlixBus) |
Previous Owner | FirstGroup |
Year Acquired by Current Owner | 2021 |
Year Sold by Previous Owner | 2021 |
Sale Price | $46 million enterprise value, $32 million in deferred payments |
Year Founded | 1914 |
Founder | Eric/Carl Wickman |
Headquarters | Downtown Dallas |
What You'll Learn
Greyhound Lines, Inc. is owned by Flix North America, Inc
The company adopted the Greyhound name in 1929 and moved its headquarters to Dallas, Texas, in 1987. In 2007, Greyhound Lines was acquired by British transport group FirstGroup, which then sold the company to FlixMobility (also known as FlixBus or Flix SE) in 2021. FlixMobility is a German transportation startup that has been slowly expanding its operations across Europe and the US.
The acquisition of Greyhound Lines by FlixMobility was a significant move for the company to strengthen its presence and mindshare in the US market. FlixMobility aims to combine its technology and shared mobility expertise with Greyhound's extensive nationwide network and experience. Since July 2022, Flix North America Inc. has been overseeing the operations of both Greyhound and FlixBus in the US, Canada, and Mexico.
Together, Greyhound and FlixBus offer affordable, reliable, and eco-friendly travel options to 1,800+ destinations. In 2023, more than 12 million passengers traveled on their buses. Greyhound also has interline partnerships with several independent bus lines across the United States, extending its reach to smaller towns not directly served by its routes.
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Flix North America, Inc. is an affiliate of FlixBus
Greyhound Lines, Inc. (Greyhound) is a company that operates the largest intercity bus service in North America. It is owned by Flix North America, Inc., an affiliate of FlixBus. Flix North America, Inc. is a subsidiary of the Germany-based mobility company, Flix SE.
Flix North America, Inc. was launched in July 2022 to oversee the operations of Greyhound and FlixBus across North America. The entity is based in Dallas, Texas, and is led by an executive team including CEO Kadir "Kai" Boysan and CFO Nathan Oujezdsky.
Flix North America, Inc. is structured to improve efficiency and amplify the strengths of both Greyhound and FlixBus, which remain separate companies. The integration of Greyhound and FlixBus provides an extensive network, giving customers even more options for intercity travel throughout North America.
Flix SE, the parent company of Flix North America, Inc., offers sustainable and affordable travel solutions through its brands FlixBus, FlixTrain, Greyhound, and Kâmil Koç. With its asset-efficient business model, Flix SE has expanded globally, operating in over 40 countries across four continents.
Flix SE's highly scalable tech platform is tailor-made to deliver best-in-class outcomes to both travelers and partners. By combining network planning, marketing, and pricing, Flix SE uses innovative solutions to enable comfortable, more sustainable, and affordable travel. The company's tech journey is driven by relentless innovation, embracing cutting-edge solutions powered by AI and data analytics.
FlixBus, as a service, is active in more than 2,500 destinations in 36 countries outside the U.S., working across 400,000 daily connections. Greyhound covers a similar number of destinations in North America, with almost 16 million passengers annually. The acquisition of Greyhound by Flix SE thus allows FlixBus to significantly expand its presence and mindshare in the U.S. market.
In conclusion, Flix North America, Inc., the owner of Greyhound, is an affiliate of FlixBus, and together they provide a comprehensive network of intercity bus travel options across North America. Flix North America, Inc. benefits from the global presence and innovative technology of its parent company, Flix SE, to efficiently manage the Greyhound and FlixBus brands.
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FlixBus is owned by FlixMobility
FlixMobility acquired Greyhound Lines, Inc., the largest provider of long-distance bus transportation in the United States, in October 2021. The acquisition brought together FlixBus' global technology and shared mobility expertise with Greyhound's iconic nationwide presence. This combination aims to better serve intercity bus service passengers in the U.S. and address the increasing demand for affordable and sustainable mobility options.
FlixBus, as a service, operates in more than 2,500 destinations in 36 countries outside the U.S., offering over 400,000 daily connections. With the integration of Greyhound, FlixBus can now provide even more coverage and travel options throughout North America.
In addition to its bus services, FlixMobility also operates FlixTrain, FlixCar, and Kâmil Koç. The company has a unique approach to transportation, utilizing innovative technology to determine pricing, routing, and timing for the different buses on its network. This has led to FlixMobility being referred to as the "Uber of buses."
The acquisition of Greyhound by FlixMobility is a significant step forward in the U.S. market and demonstrates the company's commitment to making smart, affordable, and sustainable mobility accessible to all.
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FlixMobility is a German company
Greyhound Lines, Inc., the largest provider of long-distance bus transportation in the United States, is owned by Flix North America, Inc., an affiliate of FlixBus. FlixMobility, the parent company of FlixBus, is a German company founded in 2013 by Jochen Engert, Daniel Krauss, and André Schwämmlein.
FlixMobility is a German mobility provider that offers new alternatives for convenient, affordable, and environmentally friendly travel via its FlixBus and FlixTrain brands. The company was started in Germany and has since expanded its services worldwide. FlixMobility acquired Greyhound Lines in 2021 as part of its vision to provide easy-to-use, affordable, and environmentally friendly travel options for consumers globally.
FlixMobility combines innovative global technology with shared mobility expertise, creating a company that can better serve the needs of coach travellers. With the acquisition of Greyhound, FlixMobility gained access to Greyhound's nationwide presence and experience, further expanding its reach in the United States.
FlixBus, as a service, offers an extensive network of bus routes spanning almost 1,800 destinations in over 40 countries, including major cities in the United States, Canada, and Mexico. The integration of Greyhound into the FlixBus network has enhanced its coverage and travel options throughout North America.
In addition to its focus on affordability and sustainability, FlixMobility prioritizes comfort and convenience for its passengers. FlixMobility's buses are equipped with large and comfortable seats, toilets, Wi-Fi, and power outlets. The company also allows each passenger to bring one carry-on and one stowed piece of luggage.
FlixMobility's tech-focused approach sets it apart from traditional bus services. The company utilizes algorithms to optimize pricing, routing, and timing for the different buses on its network. This technology-driven strategy has led to FlixMobility being referred to as the "Uber of buses."
The acquisition of Greyhound by FlixMobility, a German company, represents a significant step forward in the US market and reinforces FlixMobility's commitment to making smart, affordable, and sustainable mobility accessible to all.
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FlixMobility was founded in 2013
Greyhound Lines, Inc., the largest intercity bus service in North America, has had a long and storied history since its founding in 1914. As of 2021, it is owned by Flix North America, Inc., an affiliate of FlixBus.
FlixMobility, the parent company of FlixBus, was founded in 2013. It is a globally active mobility service provider, offering new travel alternatives that are comfortable, economical, and environmentally friendly. The company operates under the brand names FlixBus, FlixTrain, and FlixBus Mieten.
FlixMobility was founded by three friends, Jochen Engert, André Schwämmlein, and Daniel Krauss, who first met during their university years. They began discussing the idea of starting a bus service in 2009 after learning about the German government's plans to liberalize intercity bus services. The first FlixBus began operating in Germany in 2013, and since then, the company has expanded rapidly across Europe and the US.
FlixMobility has revolutionized travel through the use of smart and sustainable technologies. In 2018, the company launched the first intercity trains under the FlixTrain brand in Germany. With a focus on shaping the future of mobility, FlixMobility aims to become the world's greenest mobility service provider. As of 2024, the company is active in 30 countries, and over 100 million people have used FlixBuses and FlixTrains.
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Frequently asked questions
Greyhound Bus Company is owned by Flix North America, Inc., an affiliate of FlixBus.
Flix North America, Inc. acquired Greyhound Bus Company on October 21, 2021.
Before Flix North America, Inc., Greyhound Bus Company was owned by British transport company FirstGroup.
FirstGroup sold Greyhound Bus Company as part of its efforts to focus on its UK bus and train operations and divest its US assets.