VOESTALPINE: Two acquistions have been announced by Voestalpine, strengthening its poistion in the turnout market. The Austrian company has acquired a majority holding in Mexican turnout and specialist track component maker DAMY Cambios de Vía, which has 120 employees and annual revenues of about €5m.
The 51% majority interest in the company is held by the VAE Nortrak North America business. Voestalpine said the acquisition 'represents the final step in the intense and long-time business relations between the two companies'. VAE now has 37 production sites worldwide.
Voestalpine has also acquired a 60% stake in CDS Rail, a UK-based firm which specialises in technology for real-time monitoring of trackside assets.