Arvo Invests in Saaga Travel's Growth

Arvo Sijoitusosuuskunta (Arvo Investment Cooperative) and Saaga Travel Oy have agreed on financial cooperation. Arvo has granted Saaga Travel a capital loan investment, which will be used to implement the company's growth projects, improve the financial position and meet working capital needs.

- Saaga Travel's operations are now growing and developing on many fronts. The foothold in the Oulu home region has strengthened, thanks to the service-oriented staff and loyal customers. In addition, investments in the direction of tour operators are beginning to bear fruit. The recent acquisition of Tilausajo Mikkola in Rovaniemi enables better service for foreign customers in Lapland as well, says the CEO of Saaga Travel Sanna Kimpimäki.

- Saaga Travel is a young company with experienced management. We were convinced of the company's vision to build a different passenger transport company based on quality and service experience in our region. The beginning of Saaga Travel has been difficult in the stranglehold of the COVID-19 pandemic. Now that times are hopefully normalizing, the company needs funding to build its growth story, says Arvo's CEO Jari Pirinen.

Saaga Travel is a charter bus company headquartered in Oulu, Northern Finland. The company strives to build the Saaga Travel brand, which stands out for its quality, and enables all kinds of travel-related activities under its umbrella. The goal is to serve both domestic customers and foreign tourists heading to Northern Finland in a committed and flexible manner. Saaga Travel has just bought Tilausajo Mikkola from Rovaniemi.