EQS-News: Vossloh expands service portfolio in Northern Europe through acquisition of Scandinavian Track Group (STG)
Source: EQS
Vossloh expands service portfolio in
Werdohl, STG offers various maintenance services for the rail track. STG is the market leader in The purchase and refurbishment of used switches and other track components for resource-saving reuse completes STG's offering. The acquisition thus fits seamlessly into Vossloh's sustainability strategy and expands the service portfolio in the area of the circular economy. In the future, Vossloh will be ideally positioned in this region to offer the complete value chain of switches, from development and production to maintenance and the reconditioning of used switches. "STG fits perfectly to our portfolio, offers many synergies and strengthens our position in the innovative Swedish and, in the long term, Scandinavian market. The acquisition follows our one-stop-shop approach, according to which we offer our customers tailor-made solutions across all divisions. In this way, we can fully utilize our strengths, further differentiate ourselves from the competition and offer our customers decisive added value from a single source. We are particularly pleased to welcome STG, a long-standing business partner, as a new member of the Vossloh family," says The acquisition is expected to be completed in mid-2024 and is subject to the approval of the transaction by the Vossloh is already represented by various subsidiaries in Vossloh
Contact details for the media: Contact details for investors: Vossloh is a global technology group that has stood for quality, safety, customer focus, reliability and innovation for around 140 years. With its comprehensive range of products and services for the rail track, Vossloh is one of the world market leaders in this field. Vossloh offers a uniquely broad range of products and services under one roof: Rail fastening systems, concrete ties, switch systems and crossings as well as innovative and increasingly digital-based services for the entire life cycle of rails and switches. Vossloh uses its systemic understanding of the track to address the central customer need of "rail track availability". Vossloh products and services are in use in more than 100 countries. With around 75 Group companies in almost 30 countries and over 40 production locations, Vossloh is active locally worldwide. Vossloh is committed to sustainable corporate governance and climate protection and makes an important contribution to the sustainable mobility of people and goods with its products and services. The Group's activities are divided into three divisions: Core Components, Customized Modules and Lifecycle Solutions. In the 2023 financial year, Vossloh generated sales revenues of
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Language: | English |
Company: | |
Vosslohstr. 4 | |
58791 Werdohl | |
Phone: | +49 (0)2392 52 - 359 |
Fax: | +49 (0)2392 52 - 219 |
E-mail: | investor.relations@vossloh.com |
Internet: | www.vossloh.com |
ISIN: | DE0007667107 |
WKN: | 766710 |
Indices: | SDAX |
Listed: | Regulated Market in |
EQS News ID: | 1907093 |
End of News |
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1907093 21.05.2024 CET/CEST