Vossloh acquires Rocla Concrete Tie

Written by Mischa Wanek-Libman, editor
image description
Rocla Concrete Tie

Vossloh has acquired Rocla Concrete Tie, a manufacturer of concrete ties, switch ties, concrete low vibration track blocks and crossing panels.

Vossloh said that the acquisition strengthens its presence in the USA market and further expands its position as a global rail infrastructure supplier. The $117.2 million deal has been approved by the Supervisory Board of Vossloh AG and is expected to be completed at the beginning of 2017.

Following completion of the acquisition, Rocla Concrete Tie will be run as a business unit “Vossloh Tie Technology” within the Core Components division and will be the division’s second business unit alongside Vossloh Fastening Systems.

“Rocla Concrete Tie’s products complement Vossloh’s rail fasteners and switches, therefore the acquisition represents an ideal strategic expansion of Vossloh’s product portfolio. In the future, Vossloh will be in a position to deliver ties, rail fastening systems and switches in the USA from a single source,” Vossloh said in a release.

Peter Urquhart, CEO and president of Rocla Concrete Tie, said, “We have been working together with Vossloh for many years. Our products have been optimally adapted to one another. In the past, Vossloh rail fastening systems have almost always been mounted on Rocla ties in the USA. We are looking forward to contributing our know-how as part of the Vossloh Group and a leading partner of the rail industry to implement the comprehensive modernization of the US railway network expected over the course of the coming years.”

Dr. h.c. Hans M. Schabert, CEO of Vossloh AG, said, “The acquisition of Rocla Concrete Tie boosts our market position in North America considerably. Through the acquisition, we will in future be in a position to offer our customers optimally adapted complete systems consisting of ties, rail fasteners and switches for all rail types. Rocla Concrete Tie will nevertheless continue to offer an open product platform in order to deliver the best solution from the customer’s perspective. We will also benefit from Rocla Concrete Tie’s decades of experience in the US market and the established excellent customer relationships the company maintains with Class 1 railway operators and passenger transport companies in the USA.”

Tags: