SPAIN – Doughty Hanson acquires transport firm

The company services an extensive transport network throughout the province of Huesca running inter-urban lines throughout the province and Zaragoza, as well as long distance routes to Barcelona, Lleida and Navarra. It carries over 200 million passengers a year and employs 300 people.

This is Avanza’s second major acquisition in six months. In November 2007, Doughty Hanson acquired CTSA (Corporación Española de Transporte, S.A.), for an enterprise value of around EUR 90m, merging it with Avanza. This last was acquired in December 2006 in a deal valued at approximately EUR 600m.

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