Arctic Securities has acted as sole financial advisor to NRC Group in connection with the acquisition of VR Track from VR Group. The combination of NRC Group and VR Track will create the leading specialized rail infrastructure company in the Nordics, with strong capabilities across the entire railway value chain and leading positions in the attractive Norwegian, Swedish and Finnish markets. NRC Group and VR Track are two complementary businesses, and the combined operations will be stronger and more competitive than each company stand-alone. The enlarged NRC Group will be able to leverage its unique capabilities across borders to create new project opportunities and offer larger turnkey projects to a wider customer group. We thank NRC Group for the vote of confidence and congratulate on the transaction.