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Sorainen Advises Nettbuss on Acquisition of Stake in Estonian Technology Company

Sorainen Advises Nettbuss on Acquisition of Stake in Estonian Technology Company

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Sorainen Estonia has advised Nettbuss, the Norwegian bus operator, on its acquisition of 15% of Estonian technology company T Solutions. Primus advised T Solutions on the deal, which also involves an agreement by Nettbuss to implement T Solutions’ technology on Nettbuss commercial express lines in Norway and Sweden.

According to Sorainen, "Nettbuss is one of the largest bus operators in the Nordic region with a turnover of EUR 670 million, 3300 buses, 7400 employees, and more than 113 million passengers in Norway and Sweden using its services each year. Nettbuss is Scandinavia’s largest operator of long distance commercial coaches through its subsidiary Nettbuss Travel, which operates a network covering Norway, Sweden, and Denmark."

Primus describes T Solutions as "a pioneer of public transport ticket systems in Estonia," and reports that its platform processes around eight million transactions annually and that its services are used by over 40 coach companies across Europe. According to Primus, "the company’s software platform is suitable for medium-sized and large providers of passenger transport operators who require complex multi-leg logistics management, dynamic pricing and marketing, and flexible responsiveness to market situation and demand." The head office of the company is in Tartu.

According to Andres Osula, Chairman of the Supervisory Board of T Solutions, "even though T Solutions is currently able to serve its customers and develop the product without extra funding, the investment by Nettbuss and their profound knowledge of the sector gives even greater leverage in becoming a key global player in the field. Including the Norwegian state-owned company amongst shareholders provides unprecedented access to international contacts and promotes entry into new markets."

Stale Nistov, CEO of Nettbuss Travel in Norway, commented that: “Our customers are increasingly becoming digital, and taking our digital offering to the next level is fundamental to maintaining our position as the No. 1 express coach network in Scandinavia. We are confident that this partnership with T Solutions will give us access to the most innovative technology and best knowhow in the industry.”

The Sorainen team consisted of Partner Toomas Prangli and Associate Kai Vainola.

The Primus team consisted of Partner Ermo Kosk and Senior Associate Sandra Vark.

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