Souter firm agrees sale of Finnish bus business

The family investment office of Stagecoach Group co-founder and chairman Sir Brian Souter has completed the sale of a Finnish intercity bus operator.

Souter Investments said that Onnibus.com, which is credited with revolutionising the public transport market in Finland, had been acquired by Koiviston Auto.

Onnibus.com was founded by Finnish entrepreneurs Lauri Helke, Petteri Rantala and Pekka Motto in 2012. Following growth capital investment from Souter Investments in 2014, the firm relaunched offering a fast Finnish intercity coach network.

John Berthinussen, director at Souter Investments, said: “Onnibus.com is a great example of a team of entrepreneurs spotting a market opportunity and going for it.

“Against the backdrop of a period of great innovation, change and disruption in the transport and mobility industry, Souter Investmentshasbeendelightedto provide our financial, management and operational supporttolauri,petteriand their team.”