Nobina AB’s Acquisition of Karl Erik Elofsson Buss AB

Gernandt & Danielsson advised Nobina AB on the deal.

Nobina has entered an agreement to acquire the bus company Karl Erik Elofsson Buss Aktiebolag, domiciled in Kungsbacka, western Sweden.

The acquisition strengthens Nobina’s position in western Sweden and broadens its contract portfolio, at the same time as there are new synergies between existing contracts, forthcoming tenders and bus-for-rail services.

The acquisition encompasses a business with approximately 100 buses and 100 employees in tendered regular services and school bus services in addition to coach hire and bus-for-rail services. The transaction represents a continuation of Nobina’s acquisition strategy to both broaden and grow its operations in the Nordic market, while building a platform for increased competitiveness in small-scale contracts.

The acquisition will add some ten new contracts, the majority of which extend to 2029 or 2030. KE’S Bussar holds a strong position in the region and has deep local roots encompassing both competence and employees, and together with Nobina can continue to grow and develop regionally and via new synergies.

Nobina is the Nordic region’s largest and most experienced public transport service provider. Every day, Nobina ensures that more than one million people get to work, school or other activities by delivering contracted public transport in Sweden, Norway, Finland and Denmark.

Karl Erik Elofsson Buss AB was founded in 1989. The company’s line of business includes providing bus transportation through intercity, interstate, and interurban bus lines.

Gernandt & Danielsson’s team was led by Carl Westerberg (Picture) and Rasmus Perdahl.

Involved fees earner: Carl Westerberg – Gernandt & Danielsson Advokatbyrå KB; Rasmus Perdahl – Gernandt & Danielsson Advokatbyrå KB;

Law Firms: Gernandt & Danielsson Advokatbyrå KB;

Clients: Nobina;