Vossloh acquires Swedish switch maker
The Vossloh Group is stepping up its activities in Scandinavia where Vossloh Cogifer SA, one of the world's foremost rail switch manufacturers, has signed an agreement to buy Swedish Rail Systems AB (SRS), based in Ystad, southern Sweden. A subsidiary of HeidelbergCement AG, SRS makes switches besides trading in track construction materials. In fiscal 2003, it posted sales of just under €15 million. This acquisition will add to Vossloh Cogifer's Scandinavian customers while at the same time sparking synergies with other group operations within this region.Werdohl, March 22, 2004
For more information contact:
Christiane Konrad, Vossloh AG, phone (+49-2392) 52-249