KOLTRAM: On April 23 Vossloh AG announced it was strengthening its Switch Systems business unit by acquiring a 100% stake in KolTram for €21·8m.
KolTram manufactures rail switches and components. Based at Zawadzkie in southwest Poland, its sales in 2008 totalled €20m.
'We are bolstering our core rail infrastructure business in the strategically important market of eastern Europe with a healthy company that even now meets our financial criteria', said Vossloh Chief Executive Werner Andree.
EUROPE: On June 30 Vossloh Group announced its acceptance of a €150m bid for its Vossloh Infrastructure Services business unit from Vinci Group company Eurovia. Acquired as part of the Cogifer Group in 2002, Vossloh Infrastructure Services undertakes track and electrification construction and maintenance. It has a workforce of ...
BULGARIA: Bombardier Transportation has established a subsidiary in Bulgaria and opened a project management office in Sofia. ‘With substantial rail modernisation underway in Bulgaria, this new office marks a significant milestone in Bombardier’s commitment to this growing market’, said Richard Hunter, President, Rail Control Solutions at ...
INDUSTRY: Formal signing of the sale and purchase agreement for the acquisition of Bombardier Transportation from Bombardier Inc and Caisse de dépot et placement du Québec was announced by Alstom on September 16. Closing of the transaction is now expected in Q1 2021, subject to regulatory ...
NORTH AMERICA: FreightCar America has signed a letter of intent to acquire joint venture partner Fabricaciones y Servicios de México’s 50% stake in the new wagon manufacturing plant at Castaños in Mexico, and will consolidate all of its production there by January 2021. This will mean the ...
