19 April 2024 - Team 1435 AS, which is part of Inin Group's Rail Infrastructure
platform, has been awarded a contract by Bane NOR SF to conduct maintenance work
on the railway lines in Trøndelag county in Norway.
 
Approximately 19,000 railway sleepers along the Dovre, Røros and Nordland
railway lines in Trøndelag county will be replaced. Team 1435 will also weld and
neutralize approximately 20 kilometres of railway line, conduct track
adjustments, and replace 3.5 kilometres of track ballast. The sleeper
replacement work also involves the delivery of services related to signalling
and catenary railway lines. 

The value of the contract is NOK 37 million. The work will commence immediately
and is planned to be finalised by mid-October 2024. 

Team 1435 specializes in railway superstructures and substructures as well as
rail security. The company supplies contractor services, project and
construction management, logistics and security services as well as professional
services to the industry. 

Team 1435 is a wholly owned subsidiary of Nordic Infrastructure Group AS, which
heads up Inin Group's rapidly growing Rail Infrastructure platform.

Euronext Growth-listed Inin Group is the majority owner of Nordic Infrastructure
Group.  

(ENDS)

For further information, please contact:
Øivind Horpestad, CEO of Inin Group, Tel: +47 910 00 626

About Inin Group AS
Inin Group is a listed investment company operating as an industrial owner with
investments in companies within infrastructure and industry services niches in
the Nordics. The group create value by identifying investment opportunities
within profitable niches with potential for development, consolidation and
growth, working in collaboration with the platform companies to deliver
sustainable growth and superior profitability. For more information, please
visit: www.inin.no

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