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Sunday, June 16, 2024

VR Group expands in Sweden with MTRX acquisition

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Finnish rail firm VR Group has finalised its acquisition of Swedish intercity rail operator MTRX, including the corporate to its long-distance operations. 

The Finnish government-owned railway firm has acquired MTR Specific (Sweden) from MTR Nordic and can add the operator’s six Stadler FLIRT trains and round 130 workers to its operations instantly.

VR Group CEO Elisa Markula mentioned: “The marketplace for industrial long-distance site visitors in Sweden is about twice the scale of Finland’s, and the modal share of rail transport of all passenger site visitors is double in comparison with Finland. 

“I imagine that this acquisition allows us to attain worthwhile progress in a aggressive market the place buyer expertise is a aggressive benefit.” 

Along with increasing its worldwide operations, the Finnish firm mentioned that it additionally hoped the acquisition would permit it to realize expertise within the long-distance market because it prepares for rising rail competitors in Finland.

MTRX at the moment operates 126 providers per week between Stockholm and Gothenburg, with VR anticipating these trains to start working underneath its model by November 2024.

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Notably, MTRX can be recognized within the Swedish trade for its customer support and has gained an award from the Swedish High quality Index for passenger expertise for the final eight years. 

MTRX CEO Filip Thunell mentioned: “With a brand new secure and dedicated Nordic proprietor, we are going to proceed our growth. After we develop into VR, travellers will nonetheless recognise the attributes we’re recognized for: our good service, our punctuality, and our inexpensive provide.” 

The deal will develop VR’s presence in Sweden which already consists of bus, rail, and tram providers after the corporate acquired Arriva Sweden in 2022.




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