The Thiele family remains committed to Vossloh through family trust

The Thiele family will remain committed to the Company as the main shareholder of Vossloh through a planned family trust. The family informed Vossloh that Mr. Thiele’s stake in Vossloh, held through holding companies, will be contributed into a family trust as specified in his will. Julia Thiele-Schürhoff, daughter of Heinz Hermann Thiele, will continue to hold her stake in the holding companies. Therefore, the Thiele family continues to hold 50.09% of Vossloh shares.

Formally, the deceased’s holding shares will initially be held by his wife Nadia Thiele and will be contributed into the family trust in accordance with Mr. Thiele’s last will. The establishment of the trust is due to be completed by the end of this year and will be implemented by the executor and long-term confidant of Heinz Hermann Thiele, auditor and tax advisor Robin Brühmüller. Until then, the shares will be subject to executorship. Brühmüller says, “Heinz Hermann Thiele’s wish was to secure his life’s work for the future. That is exactly what will be implemented through the establishment of the family trust.”

Heinz Hermann Thiele has closely accompanied Vossloh for almost a decade, since 2011 as shareholder and from 2013 to 2017 as Chairman of the Supervisory Board of Vossloh AG. His high financial but also his personal commitment have played a major role in the successful realignment of the company. Prof. Dr. Rüdiger Grube, Chairman of the Supervisory Board: “Mr. Thiele had significant influence on Vossloh for many years and greatly contributed to making Vossloh a leading rail infrastructure company that it is today. With his forward-looking estate planning, he has now also ensured the future stability that the company needs to continue on its successful path. We are very pleased that the Thiele family will continue to accompany us as anchor shareholder.” CEO Oliver Schuster adds, “This important and future-oriented decision by Mr. Thiele strengthens us in a very special way to implement our group strategy. We will do everything in our power to continue to drive the Company forward with undiminished strength and in line with his wishes.”

Werdohl, March 25, 2021

Contact information for the media:
Gundolf Moritz (Mirnock Consulting)
Phone: (+49-23 92) 52-608
Email: presse@vossloh.com

Contact information for investors:
Dr. Daniel Gavranovic
Phone: (+49-23 92) 52-609
Email: investor.relations@vossloh.com

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 switches. 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.