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Media News ŠKODA TRANSTECH – THE NEW NAME OF FINNISH COMPANY TRANSTECH

ŠKODA TRANSTECH – THE NEW NAME OF FINNISH COMPANY TRANSTECH

2018 / 10 / 16

Subsidiary of Škoda Transportation Group, Finnish company Transtech, changed its name to Škoda Transtech. The name change of the only Scandinavian manufacturer of rolling stock follows the full acquisition by the Škoda Transportation Group in May 2018.

Finnish company Transtech was founded in 1985. In 2015 Transtech became a member of Škoda Transportation Group. Today Škoda Transtech is a leading European rolling stock manufacturer of low-floor trams and double deck coaches as well as an important contract manufacturer of demanding engineering workshop products.

The long-term intention of the Škoda Transportation Group is to consolidate its position on the Western European markets. This is also the intention of the new owner, the international investment PPF Group, under whose leadership we have succeeded in finalizing the acquisition of the Finnish company Transtech this year,” say Petr Brzezina, Chairman of the Board and CEO of Škoda Transportation Group

The Škoda Transtech’s headquarter is located in Oulu and production site is in Otanmäki. The company’s sales office as well as maintenance services are located in Helsinki. Currently Škoda Transtech is supplying trams to the Finnish metropolis of Helsinki, the city of Tampere and coaches for Finnish Railways. Škoda Transtech will also participate in supplying of modern trams for German transport company Rhein-Neckar-Verkehr (rnv). These trams will operate on routes in and around Mannheim, Ludwigshafen and Heidelberg.

In less than three years we have managed to successfully restructure and stabilize Transtech. We have received new orders and currently we are delivering trams from Transtech to Helsinki and Tampere. We also supply new cars for Finnish Railways. During this period, we have also increased the number of employees from 500 to 650. The company’s annual sales reached more than 115 million EUR. Škoda Transtech became a significant player within the Škoda Transportation Group and opened for us more business opportunities on the Western markets. Our task now is to continue the process of integration of Škoda Transtech into the Škoda Transportation Group,” adds Zdeněk Majer, Vice president of Škoda Transportation Group and Chairman of Škoda Transtech.   

Notes for editors:

Škoda Transportation Group

Škoda Transportation Group is a leading European company in the field of transportation engineering. Its products include low-floor trams, electric locomotives, suburban trains, metro trains, electric buses and trolleybuses, as well as control and propulsion systems for transportation systems. Škoda Transportation has several subsidiaries in the Czech Republic as well as in Germany, Finland, Hungary and Russia. It employs more than five thousand people in its companies. It's only thanks to its big investments in research and development that Škoda Transportation Group can regularly bring new modern products to the market that successfully find their place in foreign markets. It has invested over three billion crowns in research and development over the last 3 years

PPF Group

Škoda Transportation is part of the PPF Group. PPF Group invests into multiple market segments such as banking and financial services, telecommunications, biotechnology, insurance, real estate, and agriculture. PPF’s reach spans from Europe to Russia, Asia and North America. PPF Group owns assets of almost EUR 38 billion (31. 12. 2017).

More information:

Lubomíra Černá                                                
Škoda Transportation                                                       
00420 737 281 550                                                                                          
lubomira.cerna@skoda.cz

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