CAF reached an agreement to purchase 100% of the shares of EuroMaint Group, the Swedish market leader in the segment of rolling stock maintenance. The transaction has a value of EUR 80 million and is expected to be closed by July 19.
EuroMaint is currently one of the top maintenance companies in the Swedish railway sector, with a significant share of the Swedish market in the fleet maintenance business of passenger trains, locomotives and yellow machines. Its main activity comprises maintenance of large fleets as well as the supply of a wide range of railway components to the main Swedish operators. EuroMaint carries out its operations in 18 workshops and facilities spread throughout the country, which provides a clear leadership position and a clear opportunity to grow in the market.
Currently, the rolling stock maintenance company employs around 1,000 people and generated revenues of approximately EUR 150 million in the past year. Additionally, it will contribute to CAF Group with an important order book, which might be increased thanks to its strong positioning in the area.
This is a new step for CAF, following the acquisition of Solaris in 2018, aligned with the development of the company’s Strategic Plan for 2020.
This transaction will strengthen CAF Group’s positioning at a European level in the maintenance and supply of components, which is an activity with longer average execution times that provides greater sales stability in the medium and long term.