Vossloh signed a contract for the acquisition of the US rail infrastructure company Rocla Concrete Tie with Altus Capital Partners II, L.P. With Rocla Concrete Tie, Vossloh strengthens its presence in the focus market USA and further expands its position as a leading global rail infrastructure supplier.
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.
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. 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.
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.
Share on:
