21 Feb 2024
Man working on tablet in train

EY advises VR on its acquisition of MTR Express (Sweden) AB

Authors
Päivi Pakarinen

EY Finland, Strategy and Transactions, IPO Leader

Trusted IPO professional. Seasoned transaction advisor. Avid traveler. Commuter cyclist. Proud mother of three girls.

Risto Lummaa

EY-Parthenon, Associate Partner, Head of Transaction Strategy and Execution Services

Transformation enthusiast and C-suite growth agenda facilitator who enjoys mountain biking and outdoor-activities with family during free-time.

21 Feb 2024
Related topics Strategy and Transactions

VR-Group Plc is acquiring MTR Express, a long-distance traffic business operating in Sweden, from MTR Nordic AB.

VR has been operating in Sweden since 2022 when it acquired Arriva Sverige AB. This latest acquisition strengthens VR’s presence in the Swedish passenger transport market, enabling the expansion from regional contracted services to long-distance traffic.

MTRX operates six trains and employs about 120 people. In 2022, its revenue was approximately 350 million SEK. After the transaction is completed, MTRX will be part of VR's long-distance traffic operations.

The transaction requires approval from the Swedish competition authority, which is expected by the end of May.

EY is proud of its involvement in this exciting cross-border deal and our team assisted VR in several areas of the transaction, including financial, tax, carve-out and cyber/IT due diligence services. EY congratulates the parties of the transaction and wishes VR and MTRX a safe journey and a great success for the future!

More information can be found on VR-Group's press release.

Below you can find a selection of EY's recent deal alerts and you can also find a more extensive list on our Strategy and Transactions page.

Summary

EY provided transaction services including Financial, Tax, Carve-out and IT/Cyber due diligence services to VR-Group Plc in the acquisition of MTR Express (Sweden) AB.

About this article

Authors
Päivi Pakarinen

EY Finland, Strategy and Transactions, IPO Leader

Trusted IPO professional. Seasoned transaction advisor. Avid traveler. Commuter cyclist. Proud mother of three girls.

Risto Lummaa

EY-Parthenon, Associate Partner, Head of Transaction Strategy and Execution Services

Transformation enthusiast and C-suite growth agenda facilitator who enjoys mountain biking and outdoor-activities with family during free-time.

Related topics Strategy and Transactions