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Ratos (STO:RATOB) 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
Financial calendar from Ratos:
Interim Report January - September 7 November 2008 2008 Year-End Report 2008 19 February 2009 AGM 2009 2 April 2009 Interim Report January - March 2009 7 May 2009 Interim Report January - June 2009 20 August 2009 Interim Report January - September 2009 5 November 2009
Ratos is a listed private equity company. The business concept is to maximise shareholder value over time by investing in, developing and divesting primarily unlisted companies. Ratos offers investors a unique investment opportunity. The equity of Ratos's investments is approximately SEK 11 billion and a market capitalisation of approximately SEK 24 billion. Ratos's holdings include AH Industries, Anticimex, Arcus Gruppen, Bisnode, Camfil, Contex, DIAB, EuroMaint, GS-Hydro, Haglöfs, HL Display, HÅG/RH/RBM, Hägglunds Drives, Inwido, Jøtul, Lindab, MCC, Medisize, Superfos and Other holdings.
