Vossloh signs agreement to acquire ETS Spoor B.V. and expand its position in the important Dutch market
Vossloh, a leading international supplier of rail infrastructure products and services, yesterday signed an agreement to acquire the Dutch company ETS Spoor B.V. (ETS). ETS is an established and leading market player with a wide range of products and services in the technologically sophisticated and highly innovative Dutch rail infrastructure market.
With the acquisition of its longstanding business partner ETS, the Vossloh Group is strengthening its strategically important position in the Dutch rail infrastructure market which offers outstanding growth prospects. ETS has excellent market knowledge and contacts with all major local customers and has already been cooperating very successfully for many years with a number of partners, including Vossloh. In addition, ETS has exclusive distribution agreements with suppliers of products and services outside the Vossloh portfolio and thus rounding off the local offering in the sense of a one-stop shop. This aspect is of crucial importance, particularly with regard to trendsetting service models.
"The acquisition of ETS Spoor plays a key role in the implementation of our Group strategy. It brings us a decisive step closer to important Dutch customers such as the network operator ProRail, who have so far purchased our products and services directly or indirectly at ETS Spoor. As a result, we will be in an even better position in the future to tailor our unique technological expertise and our entire range of services to the needs of our customers. The Dutch market is already a pioneer for trendsetting business models in the rail infrastructure sector and we see ourselves excellently positioned in the new constellation to drive this forward and create important added value for our customers," explains Oliver Schuster, CEO of Vossloh AG. "I am delighted that through this acquisition we are now opening the next chapter in our successful cooperation with our highly esteemed and long-standing partners and extend my welcome to the Dutch team to Vossloh."
The closing of the sale will take place on July 30, 2021. The parties have agreed not to disclose the purchase price. In 2020, ETS generated sales of around 20 million euros and will be managed in the Lifecycle Solutions division in the future.
About ETS Spoor B.V.
ETS Spoor B.V. was founded in 1999 and is one of the leading suppliers of products and services in the Dutch railroad industry. ETS works closely with a large, international network of renowned manufacturers and advises customers on the development of innovative products and economical solutions for greater safety and higher availability of rail infrastructure.
Vossloh is a globally active technology group dedicated for over 135 years to quality, safety, reliability, innovation and customer orientation. Vossloh’s comprehensive range of rail track-related products and services make the company a leader in the global market in this area. Vossloh provides a uniquely wide range of products and services: rail fastening systems, concrete ties, switch systems and crossings as well as innovative and increasingly digital-based services for the entire lifecycle of rails and turnouts. Vossloh uses its extensive understanding of rail infrastructure to meet the key customer need of track availability.
Vossloh products are in use in more than 85 countries. With roughly 80 Group companies in around 30 countries and over 35 production sites, Vossloh is a global company with a local presence. Vossloh is committed to sustainable corporate management and climate protection and makes an important contribution to sustainable mobility of passengers and goods with its products and services.
The Group activities are organized into the three divisions of Core Components, Customized Modules and Lifecycle Solutions. In the 2020 fiscal year, Vossloh achieved sales of about €870 million with approximately 3,500 employees.