Norwegian coach operator buys stake in Tartu software company
Scandinavia’s biggest coach company, Nettbuss, is buying 15 percent of Tartu company T Solutions. The company develops international ticket sales software. Nettbuss will start using their software for its Norwegian and Swedish express routes.
Nettbuss is a subsidiary of Norges Statsbaner (NSB), the Norwegian state railway company. The decision to buy a stake in T Solutions was made on Tuesday last week and was the result of negotiations that lasted for almost a year, daily Postimees wrote on Monday.
The price Nettbuss paid for the T Solutions stake wasn’t made public, but CEO Andres Osula said that it was a seven-figure sum. For T Solutions’ budget this means some €3 million this year, the paper added.
According to CEO of Nettbuss Travel, Ståle Nistov, the company’s customers are moving online more and more, and to retain its leading position, it needs to communicate with them digitally now.
A pilot project in Norway is already underway. T Solutions’ software will be placed on Netbuss’ on-board equipment in spring, and by the end of the year all of their current sales systems will be replaced with the Estonian product.
Editor: Dario Cavegn
