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
Financial calendar from Ratos:
AGM 2008 9 April 2008
Interim Report January - March 2008 8 May 2008
Interim Report January - June 2008 22 August 2008
Interim Report January - September 2008 7 November 2008
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 12 billion and a market capitalisation of
approximately SEK 31 billion. Ratos's holdings include AH Industries,
Anticimex, Arcus Gruppen, Bisnode, Camfil, Contex, DIAB, EuroMaint,
GS-Hydro, Haendig, Haglöfs, HL Display, HÅG/RH/RBM, Hägglunds Drives,
Inwido, Jøtul, Lindab, MCC, Medifiq Healthcare, Superfos and Other
holdings.
