VOSSLOH has confirmed an agreement to purchase Dutch company ETS Spoor, a provider of rail infrastructure products and services in the Netherlands.
Vossloh says the acquisition strengthens its position in the Dutch infrastructure market, which offers “outstanding” growth prospects.
“ETS has excellent market knowledge and contacts with all major local customers and has already been cooperating very successfully for many years with a number of partners, including Vossloh,” the company says.
“In addition, ETS has exclusive distribution agreements with suppliers of products and services outside the Vossloh portfolio and thus rounding off the local offering in the sense of a one-stop shop. This aspect is of crucial importance, particularly with regard to trendsetting service models.”
The sale is set to close on July 30 and the parties have not agreed to disclose the purchase price. ETS generates annual sales of around €20m and will form part of Vossloh’s Lifecycle Solutions division.
“The acquisition of ETS Spoor plays a key role in the implementation of our group strategy,” says Vossloh CEO, Mr Oliver Schuster. “It brings us a decisive step closer to important Dutch customers such as the network operator ProRail, who have so far purchased our products and services directly or indirectly at ETS Spoor.”
