YIT invests in railway construction expertise and acquires Electric Power Finland Oy's railway services business
Finland, Jan. 12 -- In line with its strategy, YIT seeks growth in rail infrastructure projects in Finland. To strengthen its railway construction expertise, YIT has agreed to acquire Electric Power Finland Oy's railway services business. As part of the transaction, the personnel, equipment, and certifications related to the business will become part of YIT's Infra segment. The parties have agreed not to disclose the purchase price. Electric Power Finland Oy, founded in 2007, provides turnkey solutions for demanding electrical construction and railway technical system projects. The company's railway services business delivers railway electrification and signaling device projects and offers services for tram, metro and railway infrastructure...
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