SWEDEN/GERMANY - Ratos-backed EuroMaint pays EUR 18m for RSM
Ratos' portfolio company EuroMaint, a provider of maintenance services to the rail transport and engineering industries, has acquired the German train maintenance company Rail Service Management Group (RSM) for EUR 18m from Hermann Wiese. Ratos will be injecting a corresponding amount of equity in connection with the deal.
EuroMaint operates through two subsidiaries: EuroMaint Rail and EuroMaint Industry. Ratos acquired the business in a EUR 130m deal in 2007. Earlier this year, EuroMaint completed the bolt-on of EISAB Energi och Industriservice AB, a service provider to industries within waste management and renewable energy, for an enterprise value of SEK 24.5m.
The acquisition of RSM will open up the markets for maintenance to the freight and passenger traffic to EuroMaint.
EuroMaint employs 1,750 and recorded SEK 2.3bn in sales with and operating profit of SEK 122m in 2008.
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