December 02, 2013

Bonatrans acquires German wheelset manufacturer

Written by 
  • Print
  • Email

THE Bonatrans Group, Czech Republic, has reached agreement with GHH Radsatz International Holding to acquire Gutehoffnungshütte Radsatz, Germany, subject to the approval of anti-monopoly authorities.

Bonatrans expects to conclude the deal by the end of the year, but both parties agreed not to disclose the terms of acquisition. Bonatrans has been manufacturing railway wheelsets, wheels and axles for half a century and had a turnover of €220m in 2012. GHH Radsatz, which was founded in 1808, produces wheels and wheelset for both heavy and light passenger rail vehicles in Europe.

GHH International Holding was formed in 2008 following the merger of GHH Radsatz and Valdunes, France. However, GHH-Valdunes announced a "safeguard procedure" on October 14 in order to give itself legal protection from creditors. The procedure is used in France for companies which are still solvent but are facing financial difficulties which they cannot resolve immediately.

Get the latest rail news

IRJ Rail Brief newsletter covers global railway news