Inin Group AS: Subsidiary awarded railway contract

01 Feb 2023 15:45 CET

1 February 2023 – Rail Production AS, a subsidiary of Nordic Infrastructure
Group, has been awarded a one-year agreement to provide signalling technicians
on standby duty for Spordrift AS in Kristiansand, Norway.

Rail Production estimates that the one-year contract will generate revenues of
approximately NOK 1.3 million. The company will deliver the service in
cooperation with SLAM Jernbaneteknikk AS.

Rail Production’s customer, Spordrift AS, is Norway's largest player in the
operation and maintenance of railway infrastructure, with approximately 1,300
employees.

“We have several highly experienced signalling technicians in our team and look
forward to supporting Spordrift in the Kristiansand region. Coordinating and
providing this service is a non-complex task, but the expertise we provide is
valuable to any company responsible for operating and maintaining railway
infrastructure,” says Gjermund Sogn, managing director of Nordic Infrastructure
Group, which is the parent company of Rail Production AS.

Euronext Growth-listed Inin Group owns 100 percent of the shares in 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. For more information, please visit: www.inin.no

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