NETHERLANDS: Voestalpine announced its acquisition of the Baas R&D research department of Baas BV on June 27.
Based at Waddinxveen, Baas R&D specialises in development and production of wheel diagnostic and axle recognition systems based on optic fibre technology, which Voestalpine believes is a field 'with long-term growth prospects'
Baas R&D will be integrated into the turnout technology segment of Voestalpine's Railway Systems Division as a branch of SST Signal & System Technik GmbH.
TURKEY: An agreement was signed on May 4 under which Voestalpine's VAE Group and local partners will establish a modern turnout factory close to state railway TCDD's existing plant in Cankiri province, central Turkey. Minister of Transport & Communication Binali Yildirim attended the signing of the joint venture agreement between ...
FRANCE: Voestalpine companies VAE and JEZ Sistemas Ferroviarios began production of cast manganese crossings at an €18m state-of-the-art plant in southwest France on June 18. The partners each hold a 50% interest in Materièl Ferroviaire d'Aberats, which will have an annual capacity of 3 500 units and employ 73 ...
LEADING EDGE ENTERPRISES: The VAE Nortrak North America subsidiary of Voestalpine has acquired Leading Edge Enterprises, a US supplier of specialist track materials including injection moulded plastic, cast ductile iron and manganese steel parts. Leading Edge's plant at Decatur in Illinois will operate under the VAE Nortrak brand. Voestalpine ...
