M&A Activity • Mar 5, 2007
M&A Activity
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News Details
Ad-hoc | 5 March 2007 15:10
Vossloh AG: US market access: Vossloh buys rail switch manufacturer Pohl
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 access: Vossloh buys rail switch manufacturer Pohl
The Vossloh Group has signed an asset deal with Pohl Corporation,
headquartered in Reading, Pennsylvania, USA. The provisional price is $21
million and is subject to adjustment according to how net working capital
develops. The deal is subject to approval by Vossloh AG’s Supervisory
Board.
Pohl Corp. is profitable and estimates its 2006 sales at $53 million,
generated by manufacturing rail switches and switch components as well as
trading in new and used rails and rail accessories
Werdohl, March 5, 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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