M&A Activity • Apr 4, 2007
M&A Activity
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Ad-hoc | 4 April 2007 15:13
Vossloh AG: US market position strengthened: Vossloh buys Cleveland Track Material
Vossloh AG / Acquisition
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
US market position strengthened: Vossloh buys Cleveland Track Material
The Vossloh Group has signed a share deal with Cleveland Track Material,
Inc., headquartered in Cleveland, Ohio (USA). The purchase price
(Enterprise Value) is $42.5 million. The deal is subject to approval by
Vossloh AG’s Supervisory Board.
Cleveland Track Material, Inc. is profitable and estimates its 2006 sales
at about $45 million, generated by manufacturing rail switches and switch
components.
Werdohl, April 04, 2007
The Executive Board
Language: English
Issuer: Vossloh AG
Vosslohstr. 4
58791 Werdohl Deutschland
Phone: +49 (0)2392 52 - 249
Fax: +49 (0)2392 52 - 264
E-mail: [email protected]
www: www.vossloh.com
ISIN: DE0007667107
WKN: 766710
Indices: MDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Hannover, München, Hamburg, Stuttgart
End of News DGAP News-Service
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