MOL enters the bus public transport market

MOL has bought majority stake in ITK Holding Zrt., which currently operates and maintains buses used for public transport in Budapest and Debrecen. MOL’s investment provides the necessary funding, multinational background and financial stability to expand the company’s services in keeping with its mobility strategy running up to 2030.

“Our 2030 strategy clearly states that in the future we will focus on mobility and community services. We aim to deliver fast and convenient solutions to people on the move through our high-quality and complex services to keep contributing to the development of our country and region, to the modernization of our cities. One of the first steps was MOL Limo. Now it is time to enter the community bus services market as public transport will play a central role in mobility services and this segment will be one of the key focus areas of our mobility strategy.” – Péter Ratatics, MOL Hungary CEO said.