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            october 15, 2019

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Indiaexportnews.com

New owner makes Hector Rail even stronger

  04.09.2014    

Hector Rail has since its inception in 2004 established itself as a powerful player in the rail market. With a strong customer focus, the business has grown to produce six million train kilometres annually. During the same time Hector Rail has invested over SEK 800 million (approximately EUR 90 million) in the loco fleet consisting of approximately 50 line haul locomotives. EQT Infrastructure II now enters as new majority owner of the company. EQT's ownership strengthens Hector Rail further and lays the foundation for further expansion and growth.
Hector Rail operates trains in Sweden, Norway, Denmark and Germany. Hector Rail's customers are large industrial and transport companies. For these customers cost-effectiveness and quality are crucial criteria when selecting transportation partners. Financial stability and sustainability are also of fundamental importance.
- “Together with EQT we will be able to continue developing our attractive offering in the rail market. We regard this change in ownership as highly beneficial for our continued expansion and look forward to being able to leverage EQT’s growth focused approach and strong set of industrial advisors”, says Mats Nyblom, CEO and co-founder of Hector Rail.
- “Hector Rail is a well-run business with a strong track record and an excellent reputation. We are convinced that rail transportation will gain market share going forward and we see substantial value creation opportunities for the Company to be realized in cooperation with Mats Nyblom and his team”, says Stefan Glevén, Partner at EQT Partners.
The transaction is expected to close during the fourth quarter of 2014 after customary anti-trust approvals.



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