5 April 2024 - Rail Production AS, a subsidiary of Inin Group-ownedNordic Infrastructure Group , has today been awarded aNOK 105 million contract to conduct track rebuilding and track ballast works on sections of the main railroad that runs northbound fromOslo to Eidsvoll. The project involves track rebuilding and cleaning of the ballast masses on the railtrack that runs between Fjellhamar station and Sagdalen station, and between Dal station and Eidsvoll station. A clean ballast bed ensures that the railtrack remains stable, improves drainage, and thereby enhances safety and the lifetime of the track. "This is the largest contract ever awarded to anInin Group company. It marks a step-change for the size of projectsNordic Infrastructure Group is capable of taking on, which is fully in line with the purpose of the M&A strategy the company has pursued over the past 18 months," says Øivind Horpestad, CEO ofInin Group . Rail Production AS will collaborate with sister companies Team 1435 AS and recently acquired SLAM Jernbaneteknikk to deliver the project. Rail Production AS will utilise ballast cleaning machines from its cooperation partnerSalcef Group to conduct the work, which will be executed between June and October this year. Rail Production will deliver the work as a subcontractor toInfranord . "Improving our ability to take on larger workscopes has been a key reason for why we have made multiple acquisitions during the past year. This contract confirms that this has been a wise strategic move. We look forward to supportingInfranord on this exciting project, which is a perfect fit for the Rail Production's competence and the machinery our cooperation partnerSalcef Group possesses," says Gjermund Sogn, CEO ofNordic Infrastructure Group , which is the parent company of Rail Production AS.Nordic Infrastructure Group delivers entrepreneurial services as well as tools and equipment to the railway and tramway industries; training, management and consulting services for the road, rail, construction, and civil engineering sectors; and accommodation services to the construction industry. Euronext Growth-listedInin Group is the majority owner ofNordic Infrastructure Group , which heads upInin Group's Rail Infrastructure platform. (ENDS) For further information, please contact: Øivind Horpestad, CEO ofInin Group , Tel: +47 910 00 626 AboutInin Group AS Inin Group is a listed investment company operating as an industrial owner with investments in companies within infrastructure and industry services niches in the Nordics. The group create value by identifying investment opportunities within profitable niches with potential for development, consolidation and growth, working in collaboration with the platform companies to deliver sustainable growth and superior profitability. For more information, please visit: www.inin.no
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