Vossloh entering growth market Australia
Vossloh AG has made a first move to tap Australia’s growing rail market. By acquiring the rail fastener operations of Delkor Pty Limited, a company of the internationally operating Delkor Group, the Vossloh transport technology group has cemented its position as world market leader for rail fasteners. This Delkor division generates sales of €2.6 million.“This acquisition has enabled us to participate in a market with good medium- to long-term prospects, worth €800+ million. Rail infrastructure business alone accounts for about half of this volume,” says Vossloh AG CEO Burkhard Schuchmann, explaining the strategic side of this acquisition. Currently top on Australian Rail’s agenda is the transcontinental link from Melbourne to Darwin, the first section being due to be completed by 2006.
Werdohl, July 15, 2004
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