Škoda Transtech – The new name of finnish company Transtech
Subsidiary of Škoda Transportation Group, Finnish company Transtech, changed its name to Škoda Transtech. The name change of the only Scandinavian manufacturer of rolling stock follows the full acquisition by the Škoda Transportation Group in May 2018.
Finnish company Transtech was founded in 1985. In 2015 Transtech became a member of Škoda Transportation Group. Today Škoda Transtech is a leading European rolling stock manufacturer of low-floor trams and double deck coaches as well as an important contract manufacturer of demanding engineering workshop products.
“The long-term intention of the Škoda Transportation Group is to consolidate its position on the Western European markets. This is also the intention of the new owner, the international investment PPF Group, under whose leadership we have succeeded in finalizing the acquisition of the Finnish company Transtech this year,” say Petr Brzezina, Chairman of the Board and CEO of Škoda Transportation Group.
The Škoda Transtech’s headquarter is located in Oulu and production site is in Otanmäki. The company’s sales office as well as maintenance services are located in Helsinki. Currently Škoda Transtech is supplying trams to the Finnish metropolis of Helsinki, the city of Tampere and coaches for Finnish Railways. Škoda Transtech will also participate in supplying of modern trams for German transport company Rhein-Neckar-Verkehr (rnv). These trams will operate on routes in and around Mannheim, Ludwigshafen and Heidelberg.
“In less than three years we have managed to successfully restructure and stabilize Transtech. We have received new orders and currently we are delivering trams from Transtech to Helsinki and Tampere. We also supply new cars for Finnish Railways. During this period, we have also increased the number of employees from 500 to 650. The company’s annual sales reached more than 115 million EUR. Škoda Transtech became a significant player within the Škoda Transportation Group and opened for us more business opportunities on the Western markets. Our task now is to continue the process of integration of Škoda Transtech into the Škoda Transportation Group,” adds Zdeněk Majer, Vice president of Škoda Transportation Group and Chairman of Škoda Transtech.