Hemne og Orkladal Billag or HOB was a Norwegian

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

 transport

Transport

Transport or transportation is the movement of people, cattle, animals and goods from one location to another. Modes of transport include air, rail, road, water, cable, pipeline, and space. The field can be divided into infrastructure, vehicles, and operations...

 company based in Kyrksæterøra

Kyrksæterøra

Kyrksæterøra is a village and the administrative center of the municipality of Hemne in Sør-Trøndelag county, Norway. It was known as the "white town of the Hemnfjorden" at one time, because there were only white houses. The village has a population of 2,480, and it is located at the end of the...

, Sør-Trøndelag

Sør-Trøndelag

- References :...

. HOB was founded in 1937 and merged

Mergers and acquisitions

Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...

 with Trondheim Trafikkselskap

Trondheim Trafikkselskap

Trondheim Trafikkselskap or TT was the city public transport company for Trondheim, Norway between 1974 and 2001. It operated both the city buses, and the Trondheim Tramway until 1988. The company was owned by the city council....

 in 2001 to form Team Trafikk

Team Trafikk

Team Trafikk is the bus company in Trondheim, Norway and is owned by Nettbuss. The company has 225 buses, 600 employees, a revenue of NOK 270 million and a daily ridership of ca 70,000 passengers. The company receives subsidies from the City of Trondheim for their operations...

.

History

Hemne og Vinje Billag is founded in 1937, and in 1973 the company bought the Oppdal

Oppdal

is a village and municipality in Sør-Trøndelag county, Norway. It is part of the Dovre region. The administrative centre of the municipality is the village of Oppdal. Other villages in the municipality include Lønset, Vognillan, Fagerhaug, and Holan...

-based Trondhjem Orkladal Billag and changed its name to Hemne og Orkladal Billag.

By 1989 HOB had gotten into an economic mess with the wide range of activities the company was pursuing, including travel agent

Travel agency

A travel agency is a retail business that sells travel related products and services to customers on behalf of suppliers such as airlines, car rentals, cruise lines, hotels, railways, sightseeing tours and package holidays that combine several products...

cies, hotel

Hotel

A hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms...

s, construction

Construction

In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...

 and fur farming

Fur farming

Fur farming is the practice of breeding or raising certain types of animals for their fur.Fur used from wild caught animals is not farmed, and is instead known as 'free range fur' because the animals have lived their lives free and natural in the wild....

. To save the company from bankruptcy the Orkla

Orkla Group

Orkla Group is a Norwegian industrial conglomerate operating in the Nordic region, Eastern Europe, Asia and the US. The company's main divisions are branded consumer goods, aluminium solutions, materials, associates and financial investments.-Operations:...

 owned Chr. Salvesen & Chr. Thams's Communications Aktieselskab

Chr. Salvesen & Chr. Thams's Communications Aktieselskab

Chr. Salvesen & Chr. Thams's Communications Aktieselskab, Salvesen & Thams, Comms. AS or S&T is a Norwegian company based at Løkken Verk in Meldal that was responsible for electricity production and railway operation for Løkken Mine operated by the Orkla Mining Company...

 (S&T), Kredittkassen

Christiania Bank

Christiania Bank og Kreditkasse, branded domestically as Kreditkassen or K-Bank and internationally as Christiania Bank was a Norwegian bank that existed between 1848 and 2000 when it merged with MeritaNordbanken and became Nordea...

 and the Municipality of Hemne

Hemne

Hemne is a municipality in Sør-Trøndelag county, Norway. It is part of the Fosen region. The administrative centre of the municipality is the village of Kyrksæterøra. Other villages include Heim, Hellandsjøen, Holla, and Vinjeøra...

 went inn with NOK

Norwegian krone

The krone is the currency of Norway and its dependent territories. The plural form is kroner . It is subdivided into 100 øre. The ISO 4217 code is NOK, although the common local abbreviation is kr. The name translates into English as "crown"...

 8 million to save the company, and sold all non-transport related activities. Within three years the company was back on its legs, and in 1995 it bought 25% of Norgesbuss

Norgesbuss

Norgesbuss AS is a Norwegian bus company that operates in Akershus and Oslo. Norgesbuss has 450 buses, 1,100 employees and is owned by Torghatten ASA. The company operates on public service obligation contracts with Ruter, in addition to the Airport Express with the franchise NOR-WAY Bussekspress...

 at the same time S&T increased its ownership in the company to 65%. In 1996 and 1997 HOB purchased and/or merged with Mørelinjen (based in Sunndalsøra

Sunndalsøra

is a village and the administrative centre of the municipality of Sunndal in Møre og Romsdal county, Norway. It is located at the mouth of the river Driva at the beginning of the Sunndalsfjord. It is about west of Hoelsand, southeast of Øksendalsøra, and about west of Grøa. The village has a...

), Ålvundfjord Skysslag, Nordmøte Trafikkselskap (including the city bus in Kristiansand

Kristiansand

-History:As indicated by archeological findings in the city, the Kristiansand area has been settled at least since 400 AD. A royal farm is known to have been situated on Oddernes as early as 800, and the first church was built around 1040...

) and Molde Bilruter, with S&T in the end owning 50.1% of the company. With this HOB controlled most of the transport in Uttrøndelag, Nordmøre

Nordmøre

Nordmøre is a traditional district in the Norwegian county of Møre og Romsdal. The area comprises the northern third of the county including the municipalities of Kristiansund, Averøy, Tingvoll, Surnadal, Rindal, Aure, Halsa, Eide, Sunndal, Gjemnes, and Smøla...

 and Romsdal

Romsdal

Romsdal is the name of a traditional district in the Norwegian county Møre og Romsdal, located between Nordmøre and Sunnmøre. The district of Romsdal comprises Aukra, Fræna, Midsund, Molde, Nesset, Rauma, Sandøy, and Vestnes. It is named for the valley of Romsdalen, which covers part of Rauma.The...

, giving the company a large monopoly in the area. The company also increased its ownership in Norgesbuss to 39%.

In 2001 HOB merged with Trondheim Trafikkselskap, the municipally owned city bus operator in Trondheim

Trondheim

Trondheim , historically, Nidaros and Trondhjem, is a city and municipality in Sør-Trøndelag county, Norway. With a population of 173,486, it is the third most populous municipality and city in the country, although the fourth largest metropolitan area. It is the administrative centre of...

 to form Team Trafikk. In 2002 Nettbuss

Nettbuss

Nettbuss AS is the largest bus company in Norway owned by the Norwegian State Railways . It was until 2000 known as NSB Biltrafikk. The company has 14 operating subsidiaries throughout Norway and in Denmark and Sweden....

, a subsidiary

Subsidiary

A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...

 of Norges Statsbaner, bought Team for NOK 340 million. Since, the city bus in Trondheim has kept the Team name while the operations of HOB have been reorganised in the company Nettbuss Trøndelag AS.