Vossloh strengthens switch business by acquiring Poland’s KolTram
Vossloh AG is strengthening its Switch Systems unit by acquiring a 100-percent stake in Poland’s KolTram Sp. z o.o. Headquartered in Zawadzkie in the southwest of Poland, the company manufactures and markets rail switches and their components. Sales in 2008 came to some €20 million. The deal is subject to approval by the relevant authorities. The price amounted to €21.8 million.“We are bolstering our core rail infrastructure business in the strategically important market of eastern Europe with a healthy company that even now meets our financial criteria,” says Vossloh AG’s CEO Werner Andree.
Werdohl, April 23, 2009
Media contact:
Uwe Jülichs
Head of Corporate Communications
Vossloh AG
Phone: (+49-2392) 52-608
Mobile: (+49 172) 2909852
Email: uwe.juelichs@ag.vossloh.com
Investor contact:
Lucia Mathée
Head of Investor Relations
Vossloh AG
Phone: (+49-2392) 52-359
Email: investor.relations@ag.vossloh.com
Today's Vossloh is a global player in the rail technology markets. The Group focuses on its core businesses of rail infrastructure, rail vehicles, and trolleybuses. Reflecting this focus, Vossloh's two divisions of Rail Infrastructure and Motive Power&Components operate under the roof of MDAX-listed Vossloh AG. In fiscal 2008, almost 4,700 employees generated sales of over €.1.2 billion and an EBIT of €137.7 million.