Mobico Group PLC

Mobico Group plc, formerly known as National Express Group PLC, is a major international provider of shared mobility and public transport services. Headquartered in Birmingham, United Kingdom, the company operates a diverse portfolio of transport contracts and direct-to-consumer services across 11 countries. The company's operations are divided into several key geographic and operational segments. Its largest and most profitable division is ALSA, which provides extensive urban bus, regional coach, and long-haul transport services predominantly in Spain and Morocco, alongside growing operations in other parts of Continental Europe and the Middle East. In the United Kingdom, Mobico operates a significant network of scheduled intercity coaches and local bus routes. The North America segment focuses on transit, corporate shuttle, and university transportation services, operating under brands such as WeDriveU, following the strategic divestment of its legacy school bus operations. Additionally, the company operates a German Rail segment that provides passenger rail services under contracts with regional transport authorities. Mobico generates revenue through two primary models: direct ticket sales to everyday commuters and travelers (B2C), and contracted services where local governments, public transit agencies, or private corporations pay the company to operate specific routes or shuttle networks (B2B and B2G). ALSA is the dominant revenue driver, accounting for more than half of the group's total annual revenue. In recent years, Mobico has focused on a strategic transition toward sustainable transport, investing heavily in alternative fuel technologies. The company is actively upgrading its fleet of approximately 28,000 vehicles to include electric and hydrogen-powered buses and coaches, aligning with global decarbonization targets and the increasing demand for zero-emission mass transit solutions.