Vossloh AG Set to Acquire Sateba to Expand European Product Portfolio

Vossloh France SAS, a subsidiary of Vossloh AG, has signed an agreement with TowerBrook Capital Partners L.P. to acquire Sateba Group. Based in Paris, Sateba specializes in concrete ties and rail infrastructure components. The company operates 19 production sites across ten European countries with annual sales projected at €340 million.

Vossloh has a strong presence in North America and Australia and aims to bolster its European portfolio with this acquisition. Sateba's integration into Vossloh's Tie Technologies unit will enhance its manufacturing capabilities, boosting annual sales to over €500 million. The acquisition is expected to positively impact earnings per share and support Vossloh's long-term profitability goals.

The transaction, valued at €450 million, will be financed through bridge financing and a long-term loan, with potential additional funding from a capital increase excluding subscription rights. Regulatory approvals and consultations with employee representatives must be completed, with finalization expected by spring 2025.