Ratos's wholly owned subsidiary EuroMaint has signed a declaration of
intent with Husqvarna under which EuroMaint Industry will take over
maintenance and tools operations from Husqvarna which today employ 85
people.
EuroMaint Industry works in the growing market for industrial
maintenance. The company offers advanced maintenance services for
operational reliability and production optimisation as well as
automated production equipment and component servicing.
- "The declaration of intent with Husqvarna gives EuroMaint Industry
an important platform for continued growth, where Småland with its
large number of engineering companies is an important market for us,"
says EuroMaint's CEO Pether Wallin.
EuroMaint is one of Sweden's leading maintenance companies.
Operations are conducted in three subsidiaries: EuroMaint Rail,
EuroMaint Industry and EuroMaint Tracksupport. EuroMaint's
subsidiaries are specialist companies that offer advanced maintenance
services to the rail transport sector and manufacturing industry.
Operations are conducted at 18 locations in Sweden, Latvia and the
US.
A final agreement between EuroMaint Industry and Husqvarna is
expected to be ready before the end of the year. Ratos's holding in
EuroMaint amounts to 100%.
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
Pether Wallin, CEO EuroMaint, +46 8 762 51 00
Financial calendar from Ratos:
Interim Report January - September 2008 7 November 2008
Year-End Report 2008 19 February 2009
Annual General Meeting 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 22 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.
