Strukton Railinfra has strengthened its position in the Nordic Countries by taking a 65% stake in the Norwegian company Jernbaneservice AS, with an option on the remaining 35%. Jernbaneservice AS is one of the four rail construction and maintenance companies in Norway.

The participation fits within Strukton Railinfra's strategy of expansion in the Nordic countries. Strukton Railinfra sees increasing opportunities on the Norwegian market in the coming years through the ongoing privatization of maintenance activities of the Norwegian railways.

Jernbaneservice AS is based in Oslo and currently has an annual turnover of EUR 8 million. The company has a solid reputation on the Norwegian market, above-average yields and approximately 40 skilled personnel.

Strukton Railinfra is aiming to obtain a major market position in the Nordic Countries as a full-service provider in the rail and rail-bound systems field. In 2003 Strukton Railinfra acquired a majority holding in the Swedish company Svensk Banproduktion, which is now the second largest market party in Sweden. Cooperation between Svensk Banproduktion and Jernebaneservice is to be intensified and the capacity in Norway will be increased in the coming months.

More information on Jernbaneservice: www.jernbaneservice.no