Vossloh : successfully completes the acquisition of Rocla Concrete Tie

Vossloh successfully completed the acquisition of US rail infrastructure company Rocla Concrete Tie yesterday. All relevant merger control clearances have been obtained. The contract for the acquisition of Rocla was signed on December 5, 2016 with the previous owners, Altus Capital Partners II. The acquistion strengthens the company's core business in the focus market USA and makes an important contribution to expanding Vossloh's position as a leading provider of products and services for rail infrastructure.

'The acquisition of Rocla enhances our profile as a provider of integrated comprehensive solutions for rail infrastructure customers while at the same time strengthening our position in the focus market USA', says Dr.h.c. Hans M. Schabert, Chief Executive Officer of Vossloh AG. 'Rocla is firmly established in the US market and serves the most important customers in the US rail industry. We would like to extend a warm welcome to our new employees as part of the Vossloh Group.'

Rocla Concrete Tie, which is based in Denver, Colorado, is North America's leading manufacturer of concrete railway ties. In addition to concrete ties, the company's product portfolio also includes switch ties as well as concrete low vibration track blocks and crossing panels that are produced in several of its own plants in the USA and at a production plant in Mexico. In fiscal year 2015/16 which ended on June 30, 2016, Rocla generated sales of USD 88.2 million. Rocla will in future be run as a business unit 'Vossloh Ties Technologies' within the Core Components division and will be the division's second business unit in addition to Vossloh Fastening Systems.