Investment fund EQT has acquired A-Train, the operator of the high-speed railway “Arlanda Express” in Sweden.
EQT will acquire all shares from existing shareholders through its EQT Active Core Infrastructure I fund. As a long-term owner focusing on enhancing customer experience and improving operations, EQT will support A-Train. The transaction is subject to approval from the authorities and Arlandabanan Infrastructure.
EQT will invest 3 billion Swedish kronor and introduce state-of-the-art trains by around 2030, increasing the number of seats by more than 50%. By developing flexible pricing and offering more affordable fares, the company aims to improve accessibility and boost ridership. It also plans to expand partnerships with airlines and travel agencies.
Arlanda Express is a high-speed railway that connects Stockholm Central Station and Stockholm Arlanda Airport in about 18 minutes, and it opened in 1999. Under a partnership agreement with the Swedish government, it holds the right to use the railway and to operate services until 2050. The one-way fare is 340 Swedish kronor (about 5,760 yen), and it is also known for being relatively expensive as an airport access railway from the perspective of travelers from Japan.
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