The Rethmann Group has increased its share in the international mobility provider Transdev to 66% and is now the majority shareholder in this Paris-based company with its workforce of 100,000+ employees. The previous majority shareholder – the French state-owned bank Caisse des Dépôts (CDC) – has reduced its share to 34% and intends to continue to play an active, long-term role in the management of the company.
Before acquiring this majority shareholding, the Rethmann Group first held consultations with employee representative groups and completed the application processes required to receive the necessary permits from the relevant authorities. This transaction further underlines the long-term commitment of both shareholders to the growth strategy that began back in 2019 when Rethmann purchased the 30% share from the then partner Veolia for around 340 million euros.
Continuity enables a sustainable growth strategy
“This strengthening of our position reflects the confidence that we have in Transdev, its management and all its employees,” explained Ludger Rethmann, Chair of the Rethmann Group’s supervisory board, in France in July 2025. A stable, long-term ownership structure has been created together with Caisse des Dépôts – a structure that Transdev can rely on as it continues to grow its business.
Thierry Mallet, Board Chair and CEO of Transdev International, commented: “By reaffirming their confidence in and commitment to Transdev, the Rethmann Group and Caisse des Dépôts are making it possible for us to continue to drive forward the development of our business both here in France and on the international stage.”
The vendor is also mindful of the long-term opportunities. Olivier Sichel, CEO of Caisse des Dépôts, remarked: “We have been a shareholder since 1973 and we shall continue to play an active role supporting the ambitions to achieve a responsible and sustainable development of this group.”
Transdev intends to further extend its position with this new ownership structure. The company focuses on delivering innovative solutions to make regions more attractive as well as to improve the quality of life for local residents by offering environmentally friendly mobility concepts.
Transdev offers a wide range of mobility services and is also one of the world’s leading providers of public transport services. Operating in 19 countries, the company transported 12.8 million passengers every day last year and employs over 105,000 people. It has a global annual turnover of over ten billion euros.
Transdev delivers its mobility services in many different countries including France, Germany, the Netherlands, the UK, Scandinavia, Australia and New Zealand. Its portfolio comprises bus and train services as well as ferries, trams and also cable cars, for example in Bogotá, Columbia, and the Greater Paris region.
Image credits: © Transdev
