Ratos-owned Expin Group’s offering has included project development, contracting and maintenance for railways and rail infrastructure. Operations are now being restructured to focus on the electrification of rail infrastructure.
Elektrosignal Infra and Ratatek, two subsidiaries of Expin Group, are leaders in the Swedish and Finnish market for the electrification of rail infrastructure and will form the basis of the new structure, which also includes the smaller subsidiary TKBM. Other operations in Expin Group will be divested or discontinued in autumn 2024.
In January 2024, Ratos announced that errors had been identified in the accounting of several Expin Group subsidiaries. The resulting investigations into this have now been concluded and form the basis for a police report and compensation claims.
“The future strategic direction is to focus on electrification of rail infrastructure. This is a profitable and growing niche, and we currently have two leading businesses with Elektrosignal Infra and Ratatek that will serve as the foundation of the group moving forward,” says Christian Johansson Gebauer, Chairman of the Board of Expin Group and President, Business Area Construction & Services, Ratos.
The financial impact on the Ratos Group as a result of this change will be negligible.
