Transdev, formerly Veolia Transdev, is a French-based international private-sector company which operates public transport. It has operations in 17 countries and territories as of November 2020.

History

The group was formed by the

merger Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...

of Veolia Transport and Transdev on 3 April 2011. Veolia Environnement and Caisse des Dépôts et Consignations (CDC) had 50% shareholdings. It was initially planned for the company to be sold by an initial public offering, potentially accompanied by a

rebranding Rebranding is a marketing strategy in which a new name, term, symbol, design, concept or combination thereof is created for an established brand with the intention of developing a new, differentiated identity in the minds of consumers, investors ...

, within 12 months of the merger. On 6 December 2011, Veolia Environment, seeking to reduce

debt Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The d ...

and focus on its core businesses of water, waste and energy, announced a €5 bn divestment program over 2012/13 that would include a sale of its share in Veolia Transdev within two years. At the time of the announcement, Veolia Transdev declared its intention to concentrate on four main markets (France, the

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

, Germany, United States), to develop UK,

Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own righ