EQS-News
Mutares has sold Relobus to Infracapital
- Mutares completed sale of Relobus to Infracapital fund
- Relobus secured two 10-year public transport contracts
- Operational turnaround since 2023 with stronger tenders
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EQS-News: Mutares SE & Co. KGaA / Key word(s): Investment Mutares has sold Relobus to Infracapital |
- Leading private bus transport operator in Poland with strong market position
- Successful turnaround, numerous new contract wins under Mutares’ ownership
- Transaction marks another successful exit
Munich, May 12, 2026 – Mutares (ISIN: DE000A2NB650) has successfully sold its portfolio company Relobus Transport Polska sp. z o.o. (“Relobus”), one of the largest private operators of public bus transport services in Poland, to one of the funds managed by Infracapital, the infrastructure equity investment arm of M&G.
Relobus is a well-established provider of municipal and regional public transport services in Poland, operating under long-term public service contracts. The company benefits from a diversified contract portfolio, strong tendering capabilities and a solid operational footprint across multiple regions, providing high revenue visibility and a resilient business profile. Most recently, Relobus successfully secured two new 10-year public transport contracts in Warsaw (108 buses) and recently launched a new contract in Gdańsk, underlining its strong competitive position in key Polish metropolitan areas.
Since its acquisition by Mutares in 2023, Relobus has undergone a comprehensive operational and financial transformation. Key value‑creation initiatives included strengthening tender management and pricing discipline, improving cost control and organizational structures, and stabilizing operational performance.
The Polish public transport market offers attractive long-term fundamentals, driven by urbanization, stable public funding frameworks and a growing focus on sustainable mobility. Against this backdrop, Relobus has developed into a scalable platform with strong growth potential, supported by long‑term contracts and increasing demand for environmentally friendly transport solutions.

