Eltel wins five rail and road contracts at a total value of EUR 15 million in the Nordics

Regulatory News:

Eltel has won five contracts in the rail and road sector in Denmark, Sweden and Finland. The scope of deliveries relates to electrification, communication, signalling and safety systems. The value of these projects totals EUR 15 million.

The Danish Road Directorate (Vejdirektoratet) has ordered an installation of a new Intelligent Traffic System (ITS) for the new highway North of Silkeborg in Western Denmark. Eltel’s scope of installations includes surveillance and incident detection systems, a data communications system, Un-interruptable Power Supply (UPS), as well as detailed design implementation, testing and commissioning. The project is planned to start in October 2015 and to be completed by the end of 2016.

The Danish Railway Administration (Banedanmark) has signed a contract on rebuilding of a rail track between the cities of Nyborg and Odense. Eltel will act as a subcontractor to a consortium consisting of Strukton Rail and Arkil A/S. The technical installations include among others the following: a catenary system, point heater systems, speed adjustment systems and commissioning of signaling systems. The project is planned to be executed during 2016.

The Swedish Transportation Administration (Trafikverket) has ordered design and build of a management system for track point heaters. The installations consist of about 170 stations located in the south of Sweden and are scheduled for implementation from 2015 until 2018. In addition, Eltel will deliver nationwide Radio Frequency IDentification (RFID) detector system for 60 geographical locations in Sweden.

The Finnish Transport Agency (Liikennevirasto) has selected Eltel as a contract partner to build electrification for the railway between Pietarsaari and Pännäinen as well as new electrification for transports between the city of Pietarsaari and its harbor. The project is planned to be executed during 2016.

Fredrik Häggström, President - Eltel Rail&Road comments: "These five contracts are a great proof of the trust of the Nordic infrastructure owners in Eltel’s technical competences, project management and cost competitiveness. They also show our geographical spread over the Nordic region as well as the diversity of the portfolio of the technical services that we can deliver to develop the Infranet systems for better safety and more reliable and efficient transport systems for future”.

About Eltel

Eltel is a leading European provider of technical services for critical infrastructure networks – Infranets – in the segments of Power, Communication and Transport & Security, with operations throughout the Nordic and Baltic regions, Poland, Germany, the United Kingdom and Africa. Eltel provides a broad and integrated range of services, spanning from maintenance and upgrade services to project deliveries. Eltel has a diverse contract portfolio and a loyal and growing customer base of large network owners. The current number of employees is approximately 9 300. In 2014 Eltel’s net sales amounted to EUR 1 242 million. Since February 2015, Eltel AB is listed on Nasdaq Stockholm.

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