on Vossloh AG (ETR:VOS)
Vossloh Finalizes Acquisition of Sateba, Expands European Portfolio
Vossloh, a leader in rail technology, announced the completion of its acquisition of Sateba, a prominent European manufacturer of concrete sleepers. Headquartered in Paris, Sateba operates 19 production sites across ten European countries and produces around four million sleepers annually. This acquisition strengthens Vossloh's presence in Europe, complementing its established operations in North America and Australia.
The purchase, agreed upon in July 2024 with TowerBrook Capital Partners L.P., cost approximately €450 million. Financing for the deal relies mainly on debt, bolstered by a previous capital increase. Authorities in all relevant countries have approved the transaction.
Following the acquisition, Vossloh projects consolidated sales of €1.33 to €1.4 billion for 2025. It also expects an EBIT margin of around 9% before Sateba's purchase price allocation effects. These forecasts include transaction and integration costs, adverse currency effects, and new tariffs.
R. H.
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