Umove A/S has sold 85% of its shares to Cube Infrastructure Fund II, positioning itself for expansion into rail services while maintaining its leadership in Denmark's public bus sector.

Information on the Target

Umove A/S, based in Denmark, is the largest private bus operator in the country, providing public transportation services under contracts with four out of five public transport authorities. With a workforce of approximately 1,000 employees, Umove operates a fleet of 400 buses and generates an annual turnover of 550 million DKK, covering over 40 million kilometers each year. The company functions through two main entities: Umove Øst A/S and Umove VEST A/S, with its headquarters situated in Glostrup and Horsens.

Recent developments include the decision by Umove's owners to sell 85% of the company's shares to Cube Infrastructure Fund II. The senior management team of Umove will retain a 15% stake in the company, allowing them to continue guiding the organization through its growth and operational strategies.

Industry Overview in Denmark

The public transportation sector in Denmark is vital for sustainable urban mobility, encompassing various modes including buses, trains, and ferries. The government has prioritized public transport development to