Eltel’s power transmission business wins a EUR 13 million

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Eltel’s power transmission business wins a EUR 13 million substation contract with E.ON in Sweden

Eltel has won a contract for a full rebuild of the two substations Söderåsen and Mörarp of E.ON Elnät Sverige AB. The value of this contract is approximately EUR 13 million. This contract is an important further step for Eltel’s ambitions in the Swedish and Nordic substation markets. The substation contract is a turnkey project for Eltel comprising design, supply of all equipment, civil works, installation and commissioning as well as decommissioning of the existing substations. Besides the rebuild of the 130 kV substations, there is a step-by-step energisation scheme where existing parts of the substations are phased out and new parts are phased in. This step-by-step energisation scheme is critical in order to maintain and guarantee uninterrupted operation of the vital substations. Fredrik Menander, President - Power Transmission, Eltel AB comments: “The decision of E.ON in Sweden to choose us as the prime contractor in the rebuild of these two substations is a major win for Eltel. We are now taking an additional strategic step in consolidating our position in the Swedish and Nordic substation markets. We are looking forward to good cooperation and efficient project execution together with E.ON”. For further information: Ingela Ulfves VP - Investor Relations and Communications Tel: +358 40 311 3009, ingela.ulfves@eltelnetworks.com Hannu Tynkkynen SVP - Group Communications Tel: +358 40 311 4503, hannu.tynkkynen@eltelnetworks.com About Eltel Eltel is a leading European provider of technical services for critical infrastructure networks – Infranets – in the segments of Power, Communication and Transport & Security, with operations throughout the Nordic and Baltic regions, Poland, Germany, the United Kingdom and Africa. Eltel provides a broad and integrated range of services, spanning from maintenance and upgrade services to project deliveries. Eltel has a diverse contract portfolio and a loyal and growing customer base of large network owners. The current number of employees is approximately 9 300. In 2014 Eltel’s net sales amounted to EUR 1 242 million. Since February 2015, Eltel AB is listed on Nasdaq Stockholm.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Minerva Foods' Profit Struggles Despite Revenue Growth

Updated Category News Views 91

Setting the Stage: Minerva Foods' Latest Report Walking through the jungle of financial statements, few things are clear-cut. Minerva Foods handed out its latest report, stirring both optimism and concern among the suits at the table. Here's the brass tacks of it: a 9.5% boost in net revenue drumming up R$56.2 billion over twelve months. Sounds solid, huh? Yet, lurking...

Continue Reading
Flagship, Gates Join Forces on Global Health Front

Updated Category News Views 53

Pioneering Change in Global Health Here’s a collaboration that’s got science enthusiasts pinning it to their bulletin boards. Flagship Pioneering, a big name in crafting trailblazing scientific innovations, has linked arms with the Gates Foundation. They're pooling a cool $25 million to uncover game-changers in health and agriculture aimed squarely at underserved...

Continue Reading
SoLo Alpha: Transforming Retail Investment Returns

Updated Category News Views 40

Pushing Beyond Traditional Financial Constructs In a world where the average Joe is often left holding the short end of the investment stick, SoLo Funds comes charging through with SoLo Alpha, touting a whopping 16% annualized return. They're riding a wave of what seems like a financial revolution, serving up high returns usually reserved for the big fish. It’s hard not...

Continue Reading
Trusted Space Joins Forces with Falcon ExoDynamics

Updated Category News Views 33

Revolutionizing Space Autonomy with a Strategic Acquisition Sometimes, the stars align, and you've got a game-changer in the space domain. That's exactly what's cooking with Trusted Space's acquisition of Falcon ExoDynamics. What we're witnessing here is not just a merger—it's a seismic shift in how national security is handled in space. Autonomy: The Backbone of Modern...

Continue Reading
Corgi Insurance Bolsters Specialty Lines with Tamez Hire

Updated Category News Views 88

Corgi Insurance Welcomes Eric Tamez Out of the blue, they just dropped this little nugget—Eric Tamez is stepping into the Vice President shoes of Specialty Lines over at Corgi Insurance. If you're wondering, this isn't some run-of-the-mill appointment. We're talking about a guy who's been deep into the underbelly of the insurance beast, carving out a name in the mess of...

Continue Reading
Surgery Partners and ADT Sales Under Legal Scrutiny

Updated Category News Views 11

Shareholder Scrutiny on Mergers It's no secret that corporate mergers often kick up a fuss, but when insiders get a juicy payday while regular shareholders play catch-up, folks raise eyebrows. Halper Sadeh LLC, that gutsy law firm, isn't shy about going after possible dirty deals, and they've got their eyes on a few names related to potential securities law violations and...

Continue Reading
Oxford Computer Group: A Microsoft Awards Finalist Again

Updated Category News Views 186

Oxford Computer Group Strikes Again Another day, another nod from the big boys at Microsoft, eh? Oxford Computer Group, now part of MajorKey Technologies, hasn't just found themselves in the mix—they're standing tall as a finalist for not one but two significant categories in the 2026 Microsoft Partner of the Year Awards: Secure Access and Defense and Intelligence. You...

Continue Reading
Claus for a Cause: Respecting Heroes with Holiday Cheer

Updated Category News Views 133

An Unforgettable Holiday Season Veterans Day isn't just a date on the calendar—it's an opportunity to pause and offer genuine thanks to those who've served with honor. This year, as the holiday season rolls around, Gemmy Industries' Claus for a Cause collection is redefining how we show our appreciation. These aren't your ordinary inflatables; they come with a purpose...

Continue Reading
Bit Digital Shifts Focus: Q3 2026 Sees Strategic Moves

Updated Category News Views 93

Bit Digital's Strategic Shakeup Ah, the digital gold rush is heating up again. Bit Digital, the outfit focused on Ethereum strategies and AI, dropped their financial results for Q3 2026. Picture a company at a strategic crossroads, shedding bitcoin mining baggage to grab hold of fresh opportunities in Ethereum staking and AI infrastructure. Bit Digital's earnings paint a...

Continue Reading
Piedmont Orthopedics Expands With Spine Expert

Updated Category News Views 84

New Talent Joins OrthoAtlanta When a spine surgeon like Dr. Avionna L. Baldwin Jefferson heads to a practice, it becomes the kind of news that ripples through both local and medical communities. Piedmont Orthopedics | OrthoAtlanta has pulled a real coup, drawing in this fellowship-trained whiz with a sharp eye for minimally invasive procedures, craning necks in Covington,...

Continue Reading

Top 5 Most Recently Viewed Articles

Nicholas Mirisis Joins YPO Leadership in Southern Sands

Updated Category News Views 17

In the world of business leadership, the Young Presidents' Organization (YPO) is a big deal—a global platform where the who's who of the executive world comes together for some serious learning and networking. So, when Nicholas Mirisis, the operating advisor over at Fulcrum Venture Group, gets picked as Assistant Forum Officer for YPO's Southern Sands chapter, that's...

Continue Reading
BloFin Revolutionizes Cryptocurrency Trading with Apple Pay

Updated Category News Views 128

BloFin Enhances Cryptocurrency Trading Experience Global leading cryptocurrency exchange BloFin has made a significant advancement by integrating Apple Pay into its platform, catering to users who seek a streamlined way to purchase digital assets. With this new feature, BloFin users can now effortlessly buy cryptocurrencies using their Apple devices, ensuring that the...

Continue Reading
Bolloré Group's Financial Highlights for 2024 Year-End

Updated Category News Views 329

Financial Insights for the 2024 Fiscal Year The Bolloré Group has announced its financial results for the 2024 fiscal year, which reveal a remarkable net profit of 1,822 million euros. This outcome is particularly noteworthy amid substantial changes in the company's structure and operational landscape. Company Performance: Key Metrics Profit Analysis and Earnings: The...

Continue Reading
Digital Biomarkers Market Expected to Surge with Innovative Growth

Updated Category News Views 167

Introduction to the Digital Biomarkers Market The digital biomarkers market is experiencing an exciting surge in demand, closely linked to the global increase in chronic conditions such as cardiovascular, neurological, and metabolic disorders. This growth is propelled by a growing elderly population that is more susceptible to age-related health declines. Wearable...

Continue Reading
New Leadership Appointments at USCF Foster Future Innovations

Updated Category News Views 176

Exciting New Additions to the USCF Investments Team USCF Investments, recognized for its forward-thinking approach to exchange-traded products, has recently added two remarkable individuals to its team, furthering its commitment to growth and excellence in the commodities space. The company is making great strides in offering accessible options for commodities and...

Continue Reading