February 03, 2014

Voith abandons sale of locomotives business

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VOITH confirmed on January 27 that its management board has decided not to resume talks on the sale of its locomotive production unit, which is based in Kiel in northern Germany.

Voith says that recent discussions with interested parties have been unsatisfactory from a corporate and commercial perspective, particularly in terms of meeting commitments to existing customers.

The locomotives business will now be included in the restructuring of the Voith Group, which is due to be completed by the end of September.

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