GERMANY: The board of Vossloh AG has approved the acquisition of the permanent way business of rubber component maker Saargummi Deutschland GmbH.
The rail business produces highly elastic intermediate layers and pads for rail fastening systems, and will give Vossloh's Fastening Systems expertise in the processing of synthetic and natural rubbers.
The transaction is expected to be completed in the second quarter of this year.
NORWAY: Vossloh Locomotives has delivered a G1000BB diesel-hydraulic to Sydvaranger Gruve, which is restarting iron ore production at a mothballed mine at Kirkenes in the far north of Norway. The locomotive will make up to 20 trips a day along an 8 km isolated standard gauge railway which links the ...
GERMANY: Vossloh announced a deal to acquire three rail logistics, welding and preventative maintenance companies on December 14. The LOG Logistikgesellschaft Gleisbau and ISB Instandhaltungssysteme Bahn subsidiaries of Contrack Group and the rail service business of Stahlberg Roensch Group will become a new Vossloh Rail Services business unit within Vossloh ...
USA: Vossloh acquired a majority stake in Texas-based Global Rail Systems with effect from October 16. Financial terms were not disclosed, but the existing management will remain in place. The automation, level crossing and control equipment company is intended to complement Vossloh's other US businesses, Vossloh Track Material, Cleveland ...
