A new stage for TOKS together with Israeli transportation giant ,,Egged”!
Israel’s largest passenger transport operator has acquired 51% of TOKS shares and plans active expansion in Lithuania and the Baltic region.
“We are the largest carrier in Israel, but due to competition restrictions, we can no longer expand our public service business. That’s why we started looking for operations abroad. We started with Poland, then continued in the Netherlands and now in Lithuania. I think that within a year we will start operations in at least one more European country,” Egged Vice President for Business Development Gilad Dagan told Verslo Žiniomas during a visit to Lithuania.
According to ,,Egged” executives, Lithuania left a very good impression due to its ambitions to improve public transport and invest in infrastructure.
👉 The company already manages a fleet of almost 5,000 buses, of which about 1,500 are electric buses.
👉 Lithuania sees great opportunities for modern and more sustainable public transport.
👉 It plans to participate in new tenders, expand to other cities and invest in future mobility solutions.
In the future, more modern transport solutions could emerge in Vilnius, including light rail projects.
Gilad Dagan, Vice President of Business Development at Israeli passenger transport company Egged. Photo by Judita Grigelytė (VŽ).
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