(Reuters) – After more than two decades of trying to sell the legendary brand, FirstGroup, a British transport company, has decided to sell its U.S. coach network Greyhound to Germany’s FlixMobility.

FirstGroup has ended its international operations with the sale of this business, which is estimated to have an enterprise value around $46 million. It sold the U.S. bus and transit operations to private equity firm EQT (NYSE :). This was to allow it to concentrate on UK train and bus operations.

FirstGroup will get $172 million cash as a result of the deal. The company released a statement Thursday. A portion will go to Greyhound’s leases and liabilities.

Some legacy obligations and properties of Greyhound will remain with the company, which includes pension and self insurance.

Greyhound from Dallas, which has been a well-known name since its founding in 1914, was sold in May 2019. It was under increasing pressure from low cost carriers.

FlixMobility (owner of European intercity bus service FlixBus) said that the acquisition would allow it to marry its mobility technology with Greyhound’s widespread presence.

Greyhound operates a 1,300-vehicle fleet and has 2,400 employees. They provide services to 1,750 destinations in North America.

FirstGroup’s adjusted net debt will drop to between 10 and 20 million pounds ($27.60million), which is about 80-90 million less than originally forecasted.

($1 = 0.7246 pounds)