Vossloh acquires Alstom’s diesel locomotive plant in Valencia
Vossloh AG has signed a contract to take over from Alstom the latter's diesel locomotive plant in Valencia, Spain. It was agreed not to disclose any purchase price details. The deal strengthens Vossloh's foremost position as European manufacturer of diesel locomotives.So far the lineup has focused on diesel-hydraulic locomotives and the acquisition will extend it to include the diesel-electric variety. The consummation of the transaction is subject, among other things, to the approval of the cartel authorities.
Through its Vossloh Locomotives GmbH subsidiary in Kiel, Germany, Vossloh develops and builds two- and four-axle diesel-hydraulic locomotives with low and medium output. Over the past years, this company has established itself as one of the leading suppliers in this segment. Last year's sales amounted to around €234 million.
Alstom Valencia develops and builds diesel-electric locomotives for passenger, freight, and shunting services. Among the focal points of the product range are high-output six-axle diesel locomotives. The plant manufactures bogies, too. Alstom Valencia is also involved in local transportation projects in the Valencia region. Latest annual sales totaled some €100 million.
Werdohl/Valencia, November 29, 2004
For more information contact:
Christiane Konrad, Vossloh AG,
phone +49 (0)2392 52-249