05.12.2016
Vossloh Aktiengesellschaft DE0007667107
DGAP-Adhoc: Vossloh Aktiengesellschaft: Vossloh strengthens its competitive position in the USA with acquisition of Rocla Concrete Tie
Vossloh Aktiengesellschaft / Key word(s): Mergers & Acquisitions
05.12.2016 06:53
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Vossloh today signed a contract for the acquisition of the US rail
infrastructure company Rocla Concrete Tie with Altus Capital Partners II,
L.P. Rocla Concrete Tie, Inc., based in Denver, Colorado, is North
America's leading manufacturer of concrete railway ties. In addition to
concrete ties, the company also produces switch ties as well as concrete
low vibration track blocks and crossing panels in several of its own plants
in the USA and a production plant in Mexico. In fiscal year 2015/16 which
ended on June 30, 2016, Rocla Concrete Tie, Inc., generated sales of USD
88.2 million. The purchase price to be determined for the debt-free Company
as at the day of completion is expected to be approximately USD 117.2
million. The Supervisory Board of Vossloh AG has already approved the
transaction. Completion of the acquisition is subject to merger control
clearances and is expected at the beginning of 2017. Rocla Concrete Tie
will in future 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. With Rocla Concrete Tie, Vossloh
strengthens its presence in the focus market USA and further expands ist
position as a leading global rail infrastructure supplier.
05.12.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Vossloh Aktiengesellschaft
Vosslohstr. 4
58791 Werdohl
Germany
Phone: +49 (0)2392 52 - 359
Fax: +49 (0)2392 52 - 219
E-mail: [email protected]
Internet: www.vossloh.com
ISIN: DE0007667107
WKN: 766710
Indices: SDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Vossloh Aktiengesellschaft ISIN: DE0007667107 können Sie bei EQS abrufen
Elektrotechnik , 766710 , VOS , XETR:VOS