Alsa acquires the Argabus Group

Madrid, June 29th. Passenger transport company ALSA announces the completion of its acquisition of Grupo Argabus, a transport company based in Arganda del Rey (Madrid), which manages intercity, urban, and charter services, and has a significant presence in the Southeast of the Community of Madrid.

Argabus is a family business group created in the 1930s, and currently has a fleet of 74 vehicles, a staff of 135 employees, and in the last fiscal year had a turnover of 16 million euros.

It has extensive experience in the passenger transport sector and an important presence in the National III corridor, where it manages the VCM-302 concession - which provides service to the towns of Arganda del Rey, Mondéjar, Driebes, Ambite, Villar del Olmo, Alcalá de Henares, Valdilecha and Orusco - and the urban transport service of Arganda del Rey.

With this acquisition, ALSA completes an attractive growth and investment opportunity in a group with an excellent positioning in the Community of Madrid and good management within the framework of the Regional Transport Consortium of Madrid - for which ALSA already provides intercity services in the corridors of National I, II and VI -, and allows it to expand its presence in the Southeast of the Community, an area with great potential for economic and demographic growth in the coming years.

Back to Press Room.