Railcare Group AB, founded in 1992 and headquartered in Skelleftehamn, Sweden, specializes in providing innovative railway maintenance solutions. The company offers a range of services, including track maintenance, vacuum excavation, relining, and specialized transportation. Railcare is renowned for developing unique machinery, such as the Railvac and MPVe (battery-powered maintenance vehicles), which enhance efficiency and safety in railway operations. Committed to sustainability and technological advancement, Railcare operates primarily in Scandinavia and the United Kingdom, delivering cutting-edge railway maintenance services to clients across these regions.
Asia is a large market and Railcare is now ready to take the step into a new market consisting of many railways, including subway and mining tracks. With our modern, sustainable, and efficient machines together with our home markets as our foundation, this strategic investment is the next step in Railcare's company development
Railway specialist Railcare presented its new innovation the MPV (Multi-Purpose Vehicle). The new maintenance machine is equipped with self-propelled vacuum pumps, hydraulics, and control cabins enabling the vehicle to be used as a complement to Railcare’s vacuum excavator, snow melter, and function as a towing vehicle for, for example, ballast wagons during track work. What makes the MPV extra unique is that it is battery powered.
Railcare has received an order for 6 million SEK from Loram for machine parts, namely power packs for a Railvac in Brazil for delivery in November 2021. Loram is a North American railway company with which Railcare has had a business relationship since 2000.
The railway specialist Railcare signs a ten-year contract with the mining company Kaunis Iron AB worth SEK 740 million. The contract will take effect from 16 November 2021 to 16 November 2031 and will replace the previous contract from 2018. The previous contract will continue to apply until 15 November 2021. Up until 31 October 2020, Railcare has performed 1400 shipments of iron ore for Kaunis Iron AB.
Railcare Group AB announces today that Mattias Remahl will be the new CFO and Vice President replacing the position currently held by CFO Mikael Forsfjäll and Vice President Ulf Marklund. Mattias Remahl's position is a new combination position at Railcare as both CFO and Vice President