SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Ratos company refocuses towards electrification

» Published: 20 September 2024

Ratos company refocuses towards electrification
Photo: Henrik Montgomery/TT

The infrastructure concern Expin Group, which is part of the risk capital company Ratos' portfolio, is restructuring its operations, writes Ratos in a press release.

Prior to the restructuring, Expin Group's operations included project planning, contracting, and maintenance of railways and rail-bound infrastructure.

"The operations are now being restructured to focus on the electrification of rail-bound infrastructure," writes Ratos.

The foundation of the new company structure will be the subsidiaries Elektrosignal Infra and Ratatek, with operations in Finland and Sweden.

"The remaining operations in Expin Group will be sold or phased out during the fall of 2024," writes Ratos.

It is not clear how many employees will be affected.

Among other subsidiaries in Expin Group are the Norwegian Sportek, the NVBS companies with operations in Sweden and Norway, the Swedish-based Prador Infra, the Swedish measurement technology group, and TKBM Entreprenad, based in the Mälardalen region.

The Ratos share rises slightly after the announcement, up 0.1 percent on an otherwise weakly declining stock market.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Down on Wall Street - but up in January
1 MIN READ

Down on Wall Street - but up in January

Trump threatens with tariffs on oil and chips
3 MIN READ

Trump threatens with tariffs on oil and chips

Google ends criticized news experiment
2 MIN READ

Google ends criticized news experiment

USA inflation stays put
1 MIN READ

USA inflation stays put

German Inflation Falls Unexpectedly
1 MIN READ

German Inflation Falls Unexpectedly

Coordinator: Establish a State Nuclear Power Company
1 MIN READ

Coordinator: Establish a State Nuclear Power Company

The State Sells Lernia
1 MIN READ

The State Sells Lernia

Japan is forced to tap into its reserves
1 MIN READ

Japan is forced to tap into its reserves

Brexit - a Swedish export success
3 MIN READ

Brexit - a Swedish export success

Autoliv Improves Profit
1 MIN READ

Autoliv Improves Profit

High electricity prices in Norway may increase your electricity prices
3 MIN READ

High electricity prices in Norway may increase your electricity prices

Court: Bank prohibited from charging unclear late fees
1 MIN READ

Court: Bank prohibited from charging unclear late fees

Multiple Countries Question Deepseek
1 MIN READ

Multiple Countries Question Deepseek

The Government Cuts AP Funds
1 MIN READ

The Government Cuts AP Funds

Strong Growth for Hemnet
1 MIN READ

Strong Growth for Hemnet

More banks lower mortgage rates
1 MIN READ

More banks lower mortgage rates

SCA increases dividend
1 MIN READ

SCA increases dividend

Stock market up – over 7 percent in January
1 MIN READ

Stock market up – over 7 percent in January

SKF expects continued slow sales
1 MIN READ

SKF expects continued slow sales

Households shop more – but not ecologically
1 MIN READ

Households shop more – but not ecologically