Rail News
10 months ago
Vossloh plans to acquire Sateba, a concrete tie expert, in order to broaden its product offering in Europe
31 July 2024 (Europe)
TowerBrook Capital Partners L.P. and Werdohl, Germany-based Vossloh AG's fully owned subsidiary Vossloh France SAS, inked a deal to buy Sateba Group.
With its headquarters in Paris, Sateba is one of the top producers of concrete ties in Europe. In recent years,
the company has added other rail infrastructure components and related items to its line of business.
With a workforce of over 1,120 workers and 19 production facilities spread across ten European nations, Sateba can produce almost four million track and turnout ties annually.
The transaction will take the form of a share deal.
Source
https://www.vossloh.com/en/press/press-releases/detail/pressdetail_76544.html
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