Eltel to sell its rail business operations in Finland
Today, Eltel has signed an agreement to sell its Finnish rail business operations to Graniittirakennus Kallio Oy, a leading infrastructure constructor operating in Finland, Sweden and Estonia. Eltel’s rail business operations in Finland deliver railway, metro and light rail electrification and signalling systems. The offerings comprise electrification and signalling design, material purchases, build and maintenance services as a part or turnkey deliveries.The purchase price amounts to EUR 8.5 million deducted by the cash generated from these operations during September 2017 - January 2018.