May 26, 2015

Vossloh and VR Track form Finnish joint ventures

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Vossloh and VR Track, a subsidiary of Finnish state-owned railway VR Group, have signed contracts to jointly operate three switch production facilities and cooperate in continuous welded rail production.

The switch business will be integrated into Vossloh's customised modules division, which supplies individualised track modules. The welding facility will become part of Vossloh Lifecycle Solutions.

The estimated annual turnover of the two joint ventures is between €20-30m. Vossloh will take on a 60% stake in each joint venture.

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