Monday, March 29, 2010

Vossloh acquires permanent-way segment of Saargummi Deutschland GmbH

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Vossloh AG is acquiring the permanent-way segment of Saargummi Deutschland GmbH and thus buttressing its Fastening Systems business unit. Located in Wadern-Büschfeld in Germany's Saarland, the segment is a leading supplier of highly elastic intermediate layers and pads for rail fastening systems. The addition will mean an extension to the Vossloh business unit's vertical production processes plus the acquisition of highly specific expertise in the processing of synthetic and natural rubbers. Following the takeover by Vossloh the permanent-way segment of Saargummi Deutschland GmbH will continue to operate at the Wadern-Büschfeld location.


The transaction, scheduled for closing in the course of the second quarter of this year, has already been approved by Vossloh AG's Supervisory Board.
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