Inin Group AS: Subsidiary awarded major contract

14 Dec 2022 08:30 CET

14 December 2022 – A subsidiary company of Inin Group has entered into a
contract, with a total value of NOK 42 million, for installation of new
signalling systems at Bergen and Arna railway stations in Norway.

The NOK 42 million project will be delivered by a company that is jointly owned
by Inin Group subsidiary Rail Production AS (50%) and its cooperation partner
Cemit AS (50%). Rail Production AS is part of Nordic Infrastructure Group AS,
which is a wholly owned subsidiary of Inin Group.

The project customer is Ground Transportation Systems Norway AS.

The work will be conducted during 2023.

“This contract confirms our competitiveness for large signalling projects. A
substantial amount of signalling systems along Norwegian railways will need to
be maintained, upgraded or replaced in the next decade or so. We have a strong
team that can provide the support that our customers require to execute such
projects safely and successfully,” says Gjermund Sogn, CEO of Nordic
Infrastructure Group.

(ENDS)

For further information, please contact:
Øivind Horpestad, CEO of Inin Group, Tel: +47 910 00 626

About Inin Group AS
Inin Group is an industrial owner that invests into companies within
infrastructure and industry services niches in the Nordics. The group aims to
create value by identifying investment opportunities within profitable niches
with potential for development, consolidation and growth, working in
collaboration with portfolio companies to deliver sustainable growth and
superior profitability.

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