Ratos's wholly owned subsidiary EuroMaint has been commissioned to refurbish and modernise the Swedish Railway's (SJ) Intercity trains. The order amounts to SEK 350m.
Over the past two years, SJ has focused on renewal and modernisation of its railway fleet. In an additional stage, SJ has now decided to commission EuroMaint to modernise the engine-pulled passenger trains. The order is worth approximately SEK 350m and the tender process was carried out in intense competition with several other Swedish and international companies.
"This is a significant order for EuroMaint which now further strengthens our position in the growing railway market," says EuroMaint's CEO Pether Wallin.
EuroMaint is one of Sweden's leading maintenance companies and offers advanced maintenance services to the rail transport sector and manufacturing industry. Operations are conducted in three subsidiaries: EuroMaint Rail, EuroMaint Industry and EuroMaint Tracksupport. Operations are carried out at 18 locations in Sweden, Latvia and the US.
Sales for 2007 amounted to SEK 2,067m and operating profit (EBITA) was SEK 69m. Ratos's holding in EuroMaint amounts to 100%.
For further information, please contact
Henrik Joelsson, Senior Investment Manager Ratos, +46 8 700 17 00
Pether Wallin, CEO EuroMaint, +46 8 762 51 00
Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46 8 700 17 63