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 ...
UK: British Steel has opened a £10m rail stocking facility at its Scunthorpe steelworks where the vast majority of rail laid in the UK is made. This provides a central location where rails can be safely handled, stored and made available for loading. When fully stocked ...
