Under an agreement, Knorr-Bremse Nordic Rail Services will sell its Swedtrac service business to Stadler Service Sweden AB. The transaction is expected to close at the end of Q1 2018. Knorr-Bremse is undertaking a strategic realignment of its vehicle services business in the Swedish and Scandinavian market.
“(…) Swedtrac will create substantial added value [to Stadler] and drive forward the development of the company. In the future, Knorr-Bremse will support Swedtrac with subsystems for vehicle refurbishment,” Klaus Deller, Chairman of the Executive Board of Knorr-Bremse AG said.
With 106 employees, Swedtrac supplies vehicle services to Scandinavian train operators and vehicle owners. Knorr-Bremse Nordic Rail Services AB of Lund, Sweden, acquired SWT Swedtrac Sverige AB in 2013. The company specializes in modernizations, refurbishments, overhauls, and incident repairs on complete vehicles.
“Stadler Service is proud to be expanding its modernization activities of existing vehicle fleets with this takeover. This is the perfect way to incorporate our know-how about a wide model range of complete trains and to ensure even greater customer proximity. We are looking forward to be working with the Swedtrac specialists and wish to extend to them a warm welcome,” Jürg Gygax, Executive Vice President of Stadler Service AG said.
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