ED Holding Company, the Slovakia based finance group and a subsidiary of J&T Finance Group AS, the Slovakia based financial group, has acquired a 95.87% stake in Elektrizace dopravy spol. s.r.o., the Czech Republic based company engaged in the manufacture and installation of overhead contact line (OCL) components for railways, trams, trolleybus lines and cableways, for an estimated consideration of CZK 800m (EUR 30.15m).

The transaction also includes Elektrizace dopravy’s subsidiary Elektrizace zeleznic Praha which has generated turnover of CZK 2.5bn (EUR 94.22m) and after tax profit of CZK 154m (EUR 5.80m), with an employee base of 700 people and operations in Slovakia, Hungary, the Czech Republic and Serbia. Alexandr Fedorocko, the Czech Republic based private investor, will hold the remaining 4.13% stake of Elektrizace dopravy.

~ Mergermarket

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