Vossloh closes acquisition of rail services business
Vossloh has completed the acquisition of rail services companies. Today saw the closing of the sale and transfer agreement covering the corresponding companies of the Stahlberg-Roensch Group, Seevetal near Hamburg, as well as LOG Logistikgesellschaft Gleisbau mbH and ISB Instandhaltungssysteme Bahn GmbH of the Hannover-based Contrack Group. Prior to this, the due diligence had been completed to satisfaction; Vossloh’s Supervisory Board and the antitrust authorities had given their approval. The deal will take retroactive economic effect as of January 1, 2010. As a consequence Vossloh AG has successfully expanded its business to include a new Rail Services business unit. The acquisitions cover seven German locations specializing in complex solutions for the welding and preventive maintenance of rails as well as the related logistics.Werdohl, February 5, 2010
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 electric buses. 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.