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An announcement from Endur ASA ( (DE:4ZT0) ) is now available.
BMO Entreprenør AS, a wholly owned subsidiary of Endúr ASA, has created a new subsidiary dedicated to technical railway and tram services, with key employees taking minority stakes. The new entity will concentrate expertise in track assembly, catenary, electrical systems, telecom, fibre, signalling and welding, and continue investments in rail-mounted machinery, reinforcing Endúr’s strategy to deepen its presence in railway and tram infrastructure projects. Management positions the move as a natural extension of BMO’s historically profitable rail-related bridge and tunnel work and as a way to sharpen the group’s profile as a multi-discipline, niche infrastructure contractor in a market characterised by substantial, long-term investment needs.
More about Endur ASA
Endúr ASA (OSE: ENDUR) is a Norwegian infrastructure contractor specialising in construction and maintenance projects and services for facilities such as land-based aquaculture plants, quays, harbours, dams, bridges and other specialised concrete and steel structures, as well as a wide range of marine and other niche project services. The company is headquartered in Lysaker, Norway, and operates through subsidiaries including BMO Entreprenør AS.
Average Trading Volume: 87,025
Current Market Cap: NOK4.49B
Learn more about 4ZT0 stock on TipRanks’ Stock Analysis page.