CAF has acquired RIFER, an Italian company that provides wheelset and railcar maintenance services, based in Milan. The transaction will allow CAF MiiRA to expand and strengthen the company’s portfolio of services, by enhancing its positioning in the Italian and Central European markets, increasing its possibility to offer integrated services that go beyond mere product supply, while laying the foundations for the CAF Group to gain a significant foothold in the wheelset maintenance services sector, at an international level. CAF MiiRA is CAF Business Unit dedicated to the design and manufacture of wheels, axles, gearboxes, wheelsets and couplers for all types of rail vehicles.
RIFER has more than 60 employees and an annual turnover of close to EUR 10 million. This company has experienced considerable growth over the last few years thanks to its commitment to modernising its facilities, production processes and methods.
Furthermore, CAF MiiRA has also acquired a minority shareholding in Cosmef WM, a company that is part of the RIFER group and is of a similar size, dedicated to heavy maintenance work on railcars. This ensures that full advantage is taken of the synergies between both companies and that the railcar maintenance business also remains within the CAF Group’s orbit. This transaction strengthens the Group’s position in the freight car maintenance service business, as CAF is a licensed rail transport operator in Spain, for passengers and freight services.
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