Estonian technology firm secures large Norwegian investment
Nettbuss, which is the leading coach operator in Scandinavia, will acquire a 15% share of Estonian electronic ticket company T Solutions.
Coach operator Nettbuss, which is a subsidiary of Norges Statsbaner (NSB), the Norwegian state railway company, plans to start using T Solutions-made software for its Norwegian and Swedish express routes.
ERR reports on Monday, March 13, that the decision to buy a stake in T Solutions was reached last week and was the result of negotiations that lasted for close to a year. The sum of the deal paid by Nettbuss for the T Solutions stake was not revealed, nevertheless T Solutions CEO Andres Osula told that it was a seven-figure sum. Meanwhile, the CEO of Nettbuss Travel, Ståle Nistov, explained that the company’s customers are increasingly moving online and to retain its leading position, it needs to communicate with them digitally.