Railcare Group

M&A Activity • Feb 20, 2025

Railcare receives order on a Railvac machine

Railcare has won an order from the Norwegian Baneservice for a Railvac maintenance machine, with a total value of SEK 30 million. Delivery is expected to take place at the start of 2026.

"Norwegian railways also have extensive maintenance needs, and we are naturally delighted that Baneservice has chosen to invest in one of our machines," commented Mattias Remahl, CEO of Railcare.

The new diesel-powered machine will be built in the Skelleftehamn workshop during 2025 and early 2026. Delivery is scheduled for the first quarter of 2026.

"Over the past year, we have sharpened our focus on external sales of proprietary machines. Accordingly, we are pleased that our increased efforts have won us this order," commented Jonny Granlund, Business Area Manager, Machines and Technology.

Railvac is a diesel-operated vacuum machine used for applications such as cable management and reballasting. The machine has been developed to operate in areas that regular excavators cannot reach, or where damage could be caused to the infrastructure assets.

Baneservice is Norway's leading railway contractor, providing engineering and contracting services for the Norwegian railway infrastructure. Baneservice already has three Railvac in its machine fleet.

For further information contact:

Mattias Remahl, CEO Telephone: +46 70 271 33 46 E-mail: mattias.remahl@railcare.se

Hanna Hedlund, IR, Communications and Sustainability Manager Telephone: +46 70 658 38 09 E-mail: hanna.hedlund@railcare.se

This information is information that Railcare Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-02-20 08:30 CET.

About Railcare Group

The railway specialist Railcare offers innovative products and services for the railway; for example, railway maintenance with self-developed machines, a locomotive workshop, special transport and machine sales projects. Our market is mainly in Scandinavia and the United Kingdom. The railway industry is in a positive development with increasing traffic volumes, extensive investment programs, developing cost-effective freight and passenger transport, and rising environmental awareness. Railcare delivers both sustainable and efficient solutions that contribute to the railway, so it can be used for the maximum number of years to come. The shares of Railcare Group AB (publ) are listed on the Small Cap list of the Nasdaq Stockholm exchange. The Group has approximately 190 employees and annual sales of approximately SEK 630 million. The company's headquarters are in Skellefteå.

Press Release 20 February 2025 08:30:00 CET

Image Attachments Railvac