Private equity firm Priveq has acquired a majority stake in ProTrain, a leading provider of innovative railway services in Sweden and Norway, aiming to drive the company's growth and expand its market reach.

Information on the Target

ProTrain is a leading provider of innovative railway services that ensure smooth rail operations in Sweden and Norway. The company, which was founded in 2001, facilitates the reliable movement of trains and effective training for railway personnel. ProTrain has established itself as a key partner in the railway sector, catering to both public and private clients.

Since undergoing a generational shift in leadership in 2013, ProTrain has experienced significant growth, with revenues soaring from €1.76 million to over €22.9 million. The company operates through three main business areas: provision of transport services, personnel recruitment, and training and education for the railway sector.

Industry Overview in Sweden and Norway

Sweden and Norway are known for their robust and efficient railway systems, which play a crucial role in daily commuting and the movement of goods. Rail tran