Public Transportation Deal: Metropoline Acquires Tnufa
A new acquisition in the public transportation sector unites two operators that have faced sharp criticism and heavy fines from the Ministry of Transport in recent years due to service quality. The details of the deal have not yet been revealed.
Following years of complaints regarding both companies, Globes has learned that Metropoline is acquiring Tnufa. The details of the deal are not yet known. Metropoline, which operates in the Negev, Sharon, and Netanya-Tel Aviv clusters, is owned by Bon Tour, which is held by the Generation Capital investment fund (73%) and a group led by Leumi Partners (27%).
Tnufa is owned by a consortium consisting of Maya Tour, EL, China Motors, and the Shasha Group. This relatively small company operates public transportation in the Jerusalem corridor and Samaria.
It should be noted that both companies have faced numerous complaints, and just two years ago, both were fined millions of shekels due to poor service quality. Metropoline holds the record for Ministry of Transport fines, totaling 22.5 million shekels in the first half of 2024, followed by Tnufa with fines totaling 14.5 million shekels. Over the past two years, Metropoline and Tnufa have received the largest fines in the industry.
Furthermore, in the Ministry of Transport’s semi-annual ranking published about two months ago, Metropoline was ranked at the bottom of the list.
