CapMan Infra acquires Koiviston Auto

Avance advises CapMan Infra in the acquisition of 100% of the shares of Koiviston Auto (Metsäpietilä Oy), Finland’s leading bus operator. The acquisition is aligned with CapMan Infra’s approach to improve public transportation networks, and offer sustainable transportation alternatives by driving the green shift of the business.

Koiviston Auto, founded in 1928, employs 2,300 people, has a fleet of around 1,000 buses and had a turnover of 173 million euros in 2020. The market-based segment of the company operates three well-known brands:, Onnibus Flex and Porvoon Liikenne.

The transaction is subject to customary closing conditions and is expected to close during the first quarter of 2022.