Buttressing business with rail fastener components: Vossloh acquires the permanent-way segment of Saargummi Deutschland GmbH
Vossloh AG is acquiring the permanent-way segment of Saargummi Deutschland GmbH and thus buttressing its Fastening Systems business unit. Located in Wadern-Büschfeld in Germany’s Saarland, the segment is a leading supplier of highly elastic intermediate layers and pads for rail fastening systems. The addition will mean an extension to the Vossloh business unit’s vertical production processes plus the acquisition of highly specific expertise in the processing of synthetic and natural rubbers. Following the takeover by Vossloh the permanent-way segment of Saargummi Deutschland GmbH will continue to operate at the Wadern-Büschfeld location.The transaction, scheduled for closing in the course of the second quarter of this year, has already been approved by Vossloh AG’s Supervisory Board.
Werdohl, March 29, 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 Transportation (previously “Motive Power&Components”) operate under the roof of MDAX-listed Vossloh AG. In fiscal 2009, a good 4,700 employees generated sales of over €1.17 billion and an EBIT of €137.9 million.