For chief executive David Martin, the £1.6bn price Deutsche Bahn agreed to pay for Arriva is vindication of the European expansion strategy he began 10 years ago as Arriva’s international development director, with the support of former chief executive Bob Davies.
Whereas the other four major UK groups shied away from Europe because of perceived difficulties of competing with state-owned rivals and the alien business culture, Arriva embraced the concept. Its operations now stretch...
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