Rail Infrastructure has been acquired by Mesta

Jotunfjell Partners have sold Rail Infrastructure AS (RIAS) to Mesta AS.

RIAS is a specialized and full-service contractor for railway infrastructure that provides maintenance and upgrades, as well as new constructions for the railway infrastructure owners. The services include all special expertise required for rail infrastructure construction, including track and civil work, signal systems, high and low voltage electrification and telecom systems.

Mesta builds, maintains and develops Norwegian infrastructure, serving public and private customers. It has 1,600 employees who work to ensure safe and open infrastructure across the country. The company has revenues exceeding US$538 million annually, with state ownership through the Ministry of Trade and Industry.

Jotunfjell Partners is an investment firm primarily focusing on retail, e-commerce and consumer companies, often in turnaround situations.

Oaklins’ team in Norway acted as advisor to the shareholders in the sale of Rail Infrastructure AS.