German railway equipment manufacturer Windhoff AG has been taken over by Georgsmarienhütte Holding GmbH. Windhoff slid into financial difficulties last year and applied for insolvency in December. The insolvency procedure opened on March 1, and Georgsmarienhütte acquired the assets of the Rheine-based company.
Originally a steel maker, Georgsmarienhütte Holding is now a group of 33 companies active in recycling of scrap and non-ferrous metal, metal processing, plant engineering and contracting. The group is involved in the railway sector through its subsidiaries Bochumer Verein and Radsatzfabrik Ilsenburg, which both produce wheels, wheelsets and axle assemblies.
The new owner intends to carry on railway equipment, plant and industrial engineering activities at the main Windhoff facility in Rheine. UWA Umwelttechnik-Wasser-Abwasser GmbH has been identified as a buyer of the plant in Neuenkirchen, which produces water and sewage treatment equipment.