Koiviston Auto

What Koiviston Auto does

Koiviston Auto Group, founded in 1928 and headquartered in Lahti, Finland, is the country's largest bus operator. It runs municipal and regional public transport services across at least seven Finnish cities — Helsinki, Kuopio, Porvoo, Lahti, Tampere, Jyväskylä, and Oulu — and provides nationwide intercity coach services through its OnniBus brand. The company operates a fleet that is 35% electric in urban operations (per its 2025 sustainability report) and supplemented by biodiesel-powered vehicles, supported by in-house workshops and modern diagnostic tooling for maintenance.

The business is B2G/B2B: Koiviston Auto competes for and operates long-tenor service contracts (typically 8–9 years) won through competitive public procurement tenders issued by city and regional transit authorities (notably HSL in Helsinki and Lahti Regional Transit). Transit authorities set passenger fares and pay the operator a service fee based on vehicle kilometers operated. The company employs approximately 2,800–2,900 people and reports ~€240M in annual revenue. Key contract wins in 2026 include the HSL Lot 306 package (~37 vehicles, ~2.5M vehicle-km/yr, ~90% electric) and the full Lahti re-tender (~45 vehicles, ~€9.6M revenue, starting Aug 2027).

The company is privately held as a portfolio company of CapMan Infra, with operational leadership headed by Group CEO Henrik Mikkola and regional CEOs in each subsidiary market. In February 2026, Koiviston Auto closed a ~€300M refinancing led by a consortium including Nord/LB, ABN AMRO, Edmond de Rothschild, LBP AM, and Siemens, with proceeds dedicated to refinancing senior debt and accelerating the electrification of the public transport fleet.

Name

Koiviston Auto

Legal name

Koiviston Auto Group

Website

https://koivistonauto.fi

Company type

Private

Founded year

1928

Operating status

Operating

Headcount range

11–50 employees

Short description

Koiviston Auto Group is Finland's largest bus operator, founded in 1928, running municipal public transport across seven+ Finnish cities under 8–9 year contracts with transit authorities, plus nationwide intercity services via its OnniBus brand, with ~€240M revenue and 2,800–2,900 employees.

Ownership category

akta.pro rank

Product category

Public Bus Transportation Services

NAICS

Bus and Other Motor Vehicle Transit Systems (485113), Interurban and Rural Bus Transportation (48521)

SIC

Transportation Services (4700)

akta.pro primary industry

Electric Bus Network Operators (THAIAEAE)

akta.pro secondary industry

Intercity Coach Fleet Operations & Management Contractors (TLAFAFAJ)

Keywords

• Public bus transportation
• Municipal transit services
• Intercity bus services
• Electric bus fleet operations
• Commercial bus operations

Headquarters

HQ city

Lahti

HQ country

Finland

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Public Transport Contracts: The primary revenue stream comes from service contracts with municipal public transport authorities. The company wins competitive tenders to operate specific bus routes for defined contract periods. Contract 306 HSL covers approximately 2.5 million vehicle kilometers annually with 37 vehicles, of which 90% are electric.
2. Municipal Transit Service Contracts: Additional public transport contracts through city transit competitions. Lahti contract encompasses 45 vehicles with total revenue of approximately 9.6 million euros, with contract periods of 8-9 years.
3. Intercity Bus Services (OnniBus): OnniBus brand provides long-distance intercity bus services across Finland, serving individual passengers for point-to-point travel.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Koiviston Auto is Finland's largest bus company, operating contracted local public transport services in major cities (Helsinki, Kuopio, Porvoo, Lahti, Tampere, Jyväskylä, Oulu) and the OnniBus intercity coach brand for long-distance travel. The company runs a fleet that includes electric buses (35% of city operations) and biodiesel-hybrid vehicles, with in-house heavy-vehicle maintenance and charging infrastructure supporting fleet operations under multi-year municipal contracts.

Product overview

Koiviston Auto is Finland's largest bus company operating as a unified group of regional services. The core offering consists of local public transport operations across seven major Finnish cities (Helsinki, Kuopio, Porvoo, Lahti, Tampere, Jyväskylä, and Oulu), complemented by the OnniBus inter-city coach service for long-distance travel. The company is undergoing rapid electrification with electric buses now comprising 35% of city transport operations, supported by significant investment in electric fleet expansion secured through a EUR 300 million refinancing.

Differentiator

Problem solved

Functional benefit

Brands

• OnniBus: Intercity bus services operating throughout Finland
• Koiviston Auto Helsinki
• Koiviston Auto Lahti
• Koiviston Auto Oulu

Products and services

• Koiviston Auto Local Public Transport Services Contracted urban and regional bus services operated across seven Finnish cities (Helsinki, Kuopio, Porvoo, Lahti, Tampere, Jyväskylä, Oulu) under multi-year service contracts won through competitive tenders with municipal transit authorities.
• OnniBus Intercity Coach Services Long-distance intercity coach brand operated by Koiviston Auto Group offering point-to-point bus travel across Finland, available to individual passengers via direct ticket purchase.
• Koiviston Auto Helsinki Public Bus Operations Local public transport operations in Helsinki, including the HSL Route 306 contract covering lines such as 63, 69, 70, and night services, with approximately 37 vehicles and 2.5 million vehicle-kilometers per year, of which 90% are operated by electric buses.
• Koiviston Auto Lahti Public Bus Operations Local public transport operations in Lahti under won tender contracts covering routes 71(K), 72(K), 4, 12(K), 14, 16, 24, 31, 31A, 34, 34K, 38, 60(V), 61, 93, and 94 with a fleet of 45 vehicles and approximately EUR 9.6 million in total contract revenue.

Quantifiable outcome

• 35% electric bus fleet in urban transport with 67.6% growth in electric kilometers
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and supporting.

• HSL (Helsinki Regional Transport Authority)coreChannel Partner/ Reseller/ DistributorOngoing public transport service partnership where Koiviston Auto operates bus routes under HSL procurement contracts. Won Route 306 tender covering approximately 37 vehicles and 2.5 million vehicle kilometers annually with 90% electric bus operations.
• Lahti Regional Transit AuthoritycoreChannel Partner/ Reseller/ DistributorWon Lahti public transport competitive tender for routes 16 and 18, covering 45 vehicles with approximately 9.6 million euros in total revenue. Contract periods of 8-9 years starting 9.8.2027.
• Terveystalo (Occupational Health)supportingOthersProvides quality occupational health services to Koiviston Auto employees as part of employee benefits.
• GRESB (Global Real Estate Sustainability Benchmark)supportingOthersInternational ESG evaluation framework that assessed Koiviston Auto's environmental, social, and governance performance, resulting in a score of 97/100.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Regional players

• ComfortDelGro: Singapore-listed land transport conglomerate with bus and taxi operations across Asia and Australia. Comparable as a multi-modal passenger transport operator, though focused on Asia-Pacific geographies rather than Europe.

Direct peers

• Keolis: French-based public transport operator (SNCF majority-owned) with extensive European operations in contracted bus, tram, and metro. Directly comparable business model of operating urban transit networks under municipal authority contracts.
• Arriva: Pan-European passenger transport operator (Deutsche Bahn subsidiary) operating contracted bus and rail services across multiple countries. Comparable as a large-scale contracted bus operator, though broader in geography and product scope than Koiviston Auto.
• Transdev: Global public transport operator running contracted bus, rail, and multimodal services. Comparable as a contract-driven urban transit operator with fleet electrification initiatives; operates more broadly across geographies and modes than Koiviston Auto.
• Vy Buss: Norway's state-owned bus operator running scheduled urban and intercity services across Norway. Closely comparable business model: contract-based public transit operations with active fleet electrification and similar Nordic regulatory environment.
• Nobina: Sweden's largest public transport bus operator, providing urban and intercity services under contract with regional public transport authorities. Directly comparable to Koiviston Auto in terms of contract-driven urban transit operations, electrification strategy, and Nordic geography.

Broad incumbents

• FirstGroup: UK-listed bus and rail operator with large contracted transit operations. Comparable as an established European bus operator though with broader rail exposure and a more diversified geographic footprint.
• Stagecoach: UK-based bus and coach operator with significant urban transit presence. Comparable in scale and contracted transit operations but a broader incumbent across multiple UK regions with intercity coach services.
• National Express: UK-listed coach and bus operator with services in the UK, Spain (ALSA), and North America. Comparable as an incumbent intercity coach operator with contract transit exposure; broader in geography than Koiviston Auto.

Emerging players

• FlixBus: European intercity coach operator running scheduled long-distance services across the continent via a franchise/asset-light model. Comparable in the intercity bus segment that OnniBus operates in Finland, but uses a tech-platform business model rather than asset ownership.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/koivistonauto/?locale=fi_FI
• LinkedInlinkedin.com/company/koivistonauto
• Instagraminstagram.com/koivistonauto

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Koiviston Auto