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Implenia AG ( (CH:IMPN) ) has shared an update.
Implenia AG has been awarded a significant contract by the Swedish Transport Authority to construct a section of the ‘East Link’ railway project in Sweden, valued at approximately CHF 130 million. This project, which includes building bridges, railway tracks, and renovating existing structures, is part of a strategic partnership under the ‘Design and Build’ model, aligning with Implenia’s expertise in large infrastructure projects. The ‘East Link’ project aims to enhance connectivity and regional development along the Swedish east coast, improving train frequency and reducing travel times.
More about Implenia AG
Implenia AG is a leading Swiss construction and real estate service provider that develops, realizes, and manages living spaces, work environments, and infrastructure for future generations in Switzerland and Germany. The company also offers tunneling and related infrastructure services in other markets. Founded in 2006, Implenia has a construction tradition of around 150 years and employs over 9,000 staff across Europe. It achieved a turnover of CHF 3.6 billion in 2024 and is listed on the SIX Swiss Exchange.
YTD Price Performance: 27.16%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $810M
For detailed information about IMPN stock, go to TipRanks’ Stock Analysis page.