CAF Group (www.caf.net) has agreed to acquire 100% of the shares of EuroMaint Group, the Swedish market leader in rolling-stock maintenance.

This will reinforce CAF’s growing activity in rail services and strengthen its presence in the Nordic markets, where the company has developed a significant number of projects.

EuroMaint has a significant share of the Swedish fleet maintenance market for passenger trains, locomotives and ‘yellow’ (maintenance) machines.

The company’s main activity is the maintenance of large fleets — undertaken in 18 workshops and facilities spread throughout the country. It also supplies a wide range of railway components to the main Swedish operators.

The Swedish company employs around 1,000 people and generated revenues of about 150 million euros last year.

This acquisition will strengthen CAF’s position at a European level in the maintenance and supply of components.

Moreover, EuroMaint’s strong client portfolio will open up new opportunities for the development of other types of projects in the Nordic region.