GT GROUP is a Scandinavian holding company established in 2005 by Mr. Benedikt G. Gudmundsson. The Group extends back to 1969 when the first company of the Group, Gudmundur Tyrfingsson Ltd. was founded by Mr. Gudmundson´s father. In 1969 the company started building buses. For decades the company has operated and serviced a fleet of buses and coaches in Iceland.
GT Group´s main focus is on trading and tourism. In 2005-2006 the Group initiated cooperation with Zhengzhou Yutong on development and subsequently sales of buses to the Scandinavian market. Since 2014 the Group has concentrated on investments in electrical buses and e-solutions for public transportation.
GT GROUP founded Yutong Eurobus in Iceland in 2005 followed by Yutong Eurobus Scandinavia (YES) covering Norway, Sweden, Denmark and Finland. With Scandinavia emerging as a global leader in e-motility the Group has defined Scandinavia as an ideal platform to introduce breaking-edge e-solutions into Europe.
GT Group is increasing its visibility for a variety of commercial e-vehicles including high quality electrical cars with focus on big quantity sales to taxi companies, also light e-vans, e-trucks and e-boat solutions.
GT Group is offering package solutions for energy storage (power banks) based on containerized units from 0.5 to 2 MW. The units can be inter-linked to provide tailor-made solutions up to 100 MW plus..
GT GROUP has developed a strong base and connections in the Scandinavian market supported by a highly qualified specialist team in both sales and after sales service.
GT group is seeking to implement the first battery recycling factory to be placed in Scandinavia.
GT GROUP has an agreement with SSE, Shanghai Surpass Sun Electric Co. Ltd, on sales and services of charging solutions for buses. Together with SSE the GT Group developed the first GBT containerized charging solution sold in the EU. It currently offers the biggest charging solution available in the European market with up to 1080 KW charging containers.
GT GROUP/ Scandic International have a service agreement for Scandinavia with the globally acknowledged Chinese battery maker CATL.
GT GROUP / Scandic International have since 2008 a sales and service agreement in Scandinavia with Zhengzhou Yutong Bus Co., Ltd.
GT GROUP is formalising a leasing & finance cooperation with focus on e-package solutions for the European market.
GT GROUP became the first company to sell e-buses and GBT charging stations to Iceland, Denmark, Finland and Norway.
GT Group has in the year 2020 reached the biggest deals of E-buses in Iceland, Denmark, Finland and Norway with over 10o units of E-buses to the city Bergen in Norway.
GT Group has also supported the cultural heritage by investing in Icelandic Wonder, a museum based on traditional Icelandic folklore.
GT GROUP has accumulated experience and built a wide net of solid business contacts in Scandinavia. We have defined Scandinavia as our main target market. The Group is based on a strong environmental policy firmly supported by our employees.
GT GROUP is an acknowledged pioneer of e-solutions in public transport in Scandinavia and our aim is to continue to build on that base with environmentally friendly business solutions for a green and bright future.
