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AdL to take over Mobico for £308m

PRIVATEOct 30, 2026

Acquiring Company

Autobuses de Leon (AdL)

Acquired Company

Mobico Group PLC

SpainBirminghamTransportation

Description

Spain's Autobuses de Leon (AdL), through its Leita Mobility subsidiary, has agreed a £308 million takeover of Mobico, the owner of National Express. AdL will pay 46p per share, valuing Mobico at around £2.3 billion including debt. The bid is backed by Asterion Industrial Partners and CMC Group, Mobico's largest shareholder with a roughly 26% stake.

Who to call at Autobuses de Leon (AdL), and when

When Autobuses de Leon (AdL) changes hands, the new owners review vendors, systems and leadership. That is when the door opens.

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Company Information

Company

Autobuses de Leon (AdL)

Location

Spain

About

Autobuses de Leon (AdL) is a Spanish bus operator jointly held by CMC Group and a fund managed by Madrid-based Asterion Industrial Partners. CMC Group is the largest shareholder of the target, Mobico, holding a 26% stake. AdL has made a 46p per share takeover approach for Mobico.

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Frequently asked

Who acquired Mobico Group PLC?

Mobico Group PLC was acquired by Autobuses de Leon (AdL), based in Spain. The deal was reported on October 30, 2026. Autobuses de Leon (AdL) is a Spanish bus operator jointly held by CMC Group and a fund managed by Madrid-based Asterion Industrial Partners. Autobuses de Leon (AdL) is privately held.

When did Autobuses de Leon (AdL) acquire Mobico Group PLC?

Autobuses de Leon (AdL)'s acquisition of Mobico Group PLC was reported on October 30, 2026. Spain's Autobuses de Leon (AdL), through its Leita Mobility subsidiary, has agreed a £308 million takeover of Mobico, the owner of National Express. AdL will pay 46p per share, valuing Mobico at around £2.3 billion including debt. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Mobico Group PLC do?

Mobico Group PLC, formerly known as National Express, is a transport group specializing in bus and coach services. The company operates in the UK and North America, providing various transport solutions. It is publicly traded (NXPGY), operating in Transportation, and is based in Birmingham.

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