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Ratos (STO:RATOB) 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.
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