German mobility start-up Flix has announced that it has formed a long-term strategic partnership with logistics billionaire Klaus-Michael Kühne and financial investor EQT. This investment, which totals 35 percent of the company, has resulted in the postponement of any plans for an initial public offering (IPO) in the near future.
Flix, known for its Flixbus and Flixtrain services, has experienced rapid growth since its inception in 2013. The company partners with external bus and train operators, allowing them to focus on their booking platform and network while operators handle buses and drivers. In 2023, Flix transported 81 million passengers globally, generating 2 billion euros in sales and an operating profit of 104 million euros.
The influx of new investors, along with the capital increase, will support Flix’s expansion plans. With a track record of sustainable and long-term investments, Kühne Holding and EQT are positioned to provide significant value to Flix. The company’s founders and majority of shareholders will continue to be involved in the business, ensuring continuity in its growth strategy.
Kühne Holding’s involvement in Flix aligns with its existing presence in the transport sector, including investments in logistics group Kühne + Nagel International and top companies like Hapag-Lloyd and Lufthansa. The new partnership is seen as a strategic move to leverage synergies between Flix’s business model and Kühne Holding’s portfolio.
