Vossloh AG

M&A Activity • Dec 14, 2009

News Details

Ad-hoc | 14 December 2009 14:42

Vossloh AG: Vossloh executes agreement on takeover of new rail services

Vossloh AG / Acquisition

14.12.2009

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
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The issuer is solely responsible for the content of this announcement.

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Vossloh AG: Vossloh executes agreement on takeover of new rail services
business

Vossloh AG intends to add a Rail Services business unit to its lineup. To
this end, Vossloh has executed a sale and transfer agreement on the
acquisition of the Rail Services operations of the Stahlberg Roensch Group,
Seevetal near Hamburg, as well as LOG Logistikgesellschaft Gleisbau mbH and
ISB Instandhaltungssysteme Bahn GmbH of the Hannover-based Contrack Group.
The enterprise values underlying the takeover agreement are EUR100 million,
the agreed total price being the enterprise values less net financial debt
taken over as of December 31, 2009. The deal is subject to a confirming due
diligence report and the approval by Vossloh's Supervisory Board and the
antitrust authority.

The acquisition covers companies at seven German locations, specializing in
complex logistics solutions, welding and preventive maintenance of rails
and with estimated sales of altogether EUR80 million in the current fiscal
year.

Werdohl, December 14, 2009

The Executive Board

14.12.2009 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Vossloh AG
Vosslohstr. 4
58791 Werdohl
Deutschland
Phone: +49 (0)2392 52 - 359
Fax: +49 (0)2392 52 - 219
E-mail: investor.relations@ag.vossloh.com
Internet: www.vossloh.com
ISIN: DE0007667107
WKN: 766710
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Hamburg, Stuttgart

End of News DGAP News-Service

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