MTR

Hong Kong-based MTR Corporation is taking complete ownership of the rolling stock maintenance activities of Sweden’s Stockholm Metro after acquiring the remaining 50% stake in Tunnelbanan Teknik Stockholm from its joint venture (JV) partner Mantena.

MTR Stockholm (MTRS) is a wholly owned subsidiary of MTR Corporation, which started the JV with Norwegian rolling stock maintenance company Mantena in 2009.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Following completion of the acquisition, Tunnelbanan Teknik Stockholm will be renamed as MTR Tech.

MTR Corporation CEO Lincoln Leong said: "This purchase will bring rolling stock maintenance for Stockholm Metro fully under MTR’s management and enables us to continue to deploy the very best of our extensive maintenance expertise and experience for the benefit of our passengers.

"We aim to continue to deliver high-quality service for our passengers in Stockholm."

"Since taking over Stockholm Metro in 2009, we have delivered strong improvements in operational and customer service performance, including lifting punctuality to a record high of over 97%.

See Also:

"With our concession having recently been extended to 2023, we aim to continue to deliver high-quality service for our passengers in Stockholm."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The acquisition will be undertaken by MTR’s wholly owned subsidiary MTR Nordic.

It was approved by the boards of Mantena and its parent company, Norges Statsnamer.

The deal will conclude following the receipt of approval from the Swedish Competition Authority.

This move comes after MTRS’s concession was extended last September to operate the Stockholm Metro for another six years until 2023.

MTR Corporation also runs the MTR Express intercity service in Sweden that connects Stockholm with Gothenburg.

Image: MTR Corporation purchases the remaining 50% stake from Mantena to gain complete ownership of Stockholm Metro. Photo: courtesy of MTR.