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Reway Group SpA ( (IT:RWY) ) has shared an update.
Reway Group’s subsidiary, TLS, has been awarded a substantial contract worth 110.5 million Euros to modernize the Bovisa railway junction in Milan, further solidifying its leadership in Italy’s railway maintenance sector. This contract, part of a larger 320 million Euros in new railway contracts secured since January 2024, enhances Reway’s strategic positioning and will expand their operations in a critical geographical area. The project, set to start in the first half of 2025 and lasting four years, will involve significant infrastructure improvements, including new tracks and safety enhancements.
More about Reway Group SpA
Reway Group S.p.A. is the largest Italian operator specializing in the rehabilitation and maintenance of road and highway infrastructures. It is unique in Italy for including railway network maintenance as a core business aspect. Established in December 2021, the company integrates several subsidiaries such as M.G.A. S.r.l., Soteco S.r.l., TLS S.r.l., and Gema, focusing on infrastructure maintenance and engineering design. Reway Group employs over 500 staff and manages a fleet of over 300 operational vehicles.
YTD Price Performance: 3.19%
Average Trading Volume: 14,615
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €243M
See more insights into RWY stock on TipRanks’ Stock Analysis page.