Ratos's subsidiary EuroMaint has signed a framework agreement to supply quality assurance equipment to Volvo Powertrain's engine plants in Brazil, France, Sweden and the US. This agreement, the largest-ever for EuroMaint Industry, means that EuroMaint Industry has now fully entered the international market.
Under the framework agreement with Volvo Powertrain, a business division within Volvo, EuroMaint Industry will develop, manufacture and supply IPV stations (In Process Verification) which provide quality assurance early in the production process. Using this new technology will reduce emissions of nitrogen oxides and other harmful substances by 85% at Volvo's engine production plant. A total of about 50 IPV stations are expected to be installed and the order is worth approximately SEK 150m. The agreement is valid until year-end 2010 with an option for extension.
EuroMaint is one of Sweden's leading maintenance company. Operations are conducted in three subsidiaries: EuroMaint Rail, EuroMaint Industry and EuroMaint Tracksupport. EuroMaint's companies are specialised in advanced maintenance services for the rail transport sector and manufacturing industry. Operations are conducted at a total of 18 locations in Sweden, Latvia, and in the US.
EuroMaint Industry works in the growing industrial maintenance market. The company originated in the automotive sector and offers qualified services for dependable operation and production optimisation as well as automated production equipment and component servicing.
For further information, please contact:
Henrik Joelsson, Senior Investment Manager, Ratos, +46 8 700 17 47
Clara Bolinder-Lundberg, Head of Corporate Communications, Ratos, +46 8 700 17 63