Ban, S. Szabo, Rausch & Partners has advised ITK Holding on its acquisition of Omnibus Hungaria Kereskedelmi es Szolgaltato, a joint venture of EvoBus and Pappas Holding. Noerr reportedly advised the sellers.
According to BSRP, “ITK Holding is a member of the MOL Group focusing on mobility solutions in Hungary. It is a provider of public transportation services in various Hungarian cities including Budapest. At the same time, the ITK Group is the general distributor of Daimler trucks in Hungary. Through this recent transaction, the ITK Group complemented its already existing general distribution system of Daimler Trucks with the general distribution rights of Mercedes-Benz buses. As a result, ITK Holding now offers the whole product range of heavy vehicles of Daimler Benz in Hungary.”
Omnibus Hungaria is the general distributor of Mercedes-Benz buses and coaches, and Setra buses, as well as the associated Mercedes-Benz original parts.
The BSRP team included Managing Partner Janos Rausch, Partners Balazs Unger and Almos Papp, and Associates Viktoria Utassy, Kinga Bolcskey, Szabina Bach, and Andras Zatyko.