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We advised Koiviston Auto Group in its acquisition of OnniBus.com Oy

  • Finland

    05-10-2018

    We represented Koiviston Auto Group in its acquisition of OnniBus.com Oy’s entire share capital. The sellers in the transaction were Souter Investments and Onni.Bus.com’s founding members Lauri Helke and Petteri Rantala.

    Koiviston Auto Group is the largest bus operating company in Finland and the acquisition of OnniBus supports Koiviston Auto’s strategy to grow through company acquisitions. The OnniBus brand is maintained after the acquisition and key personnel will remain in the service of OnniBus and Koiviston Auto Group. OnniBus has been a significant innovator in its field in Finland and Koiviston Auto Group is expecting to gain new know-how in marketing, online ticket sales and dynamic pricing. From the customer perspective there will be no changes in the practices of OnniBus.

     

    About OnniBus.com

    OnniBus.com is an express coach operator offering fast, economical and reliable intercity travel across Finland.  OnniBus.com operates 180 departures a day. Its routes connect 50 Finnish cities and towns. OnniBus.com’s red double-decker buses are equipped with free Wi-Fi, reclining leather seats, air-conditioning, at-seat power outlets and toilet facilities. OnniBus.com was founded in Tampere in 2011. For more details on OnniBus.com, please visit www.onnibus.com

    About Koiviston Auto Group

    Koiviston Auto Group is the largest bus operating company in Finland, celebrating its 90th anniversary this year. The Group’s turnover is EUR 169 million, it employs 2100 people and operates with 1000 buses. The bus companies Helsingin Bussiliikenne, Jyväskylän Liikenne, Koiviston Auto, Koskilinjat, Kuopion Liikenne, Porvoon Liikenne and Satakunnan Liikenne operate a nationwide network across Finland from Helsinki to the northern Ivalo and Kilpisjärvi, serving 6.8 million passengers every month. The major part of the Group’s turnover comes from tendered local bus transport contracts.

    About Souter Investments

    Souter Investments is the family investment company of Sir Brian Souter. Sir Brian Souter is co-founder and Chairman of the Board of Stagecoach Group Plc. Souter Investments makes investments in various sectors, with primary focus on private equity and has a portfolio of more than 30 private equity investments. More details are available at www.souterinvestments.com

    Olli Hyvönen, Partner

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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