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 ...
INTERNATIONAL: A memorandum of understanding to collaborate on enhancing the cyber-resilience of rail operations was signed by rail cybersecurity specialist RazorSecure, Mitsubishi Electric Corp, Mitsubishi Electric Europe and EKE Electronics during the 18th UK-Japan Rail Working Group hosted by the Department for Transport in London on ...
