Vossloh AG

M&A Activity • Nov 29, 2004

News Details

Ad-hoc | 29 November 2004 16:54

Vossloh acquires Alstom’s diesel locomotive plant in Valencia

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Vossloh acquires Alstom’s diesel locomotive plant in Valencia Vossloh AG has signed a contract to take over from Alstom the latter’s diesel locomotive plant in Valencia, Spain. It was agreed not to disclose any purchase price details. The deal strengthens Vossloh’s foremost position as European manufacturer of diesel locomotives. So far the lineup has focused on diesel-hydraulic locomotives and the acquisition will extend it to include the diesel-electric variety. The consummation of the transaction is subject, among other things, to the approval of the cartel authorities. Through its Vossloh Locomotives GmbH subsidiary in Kiel, Germany, Vossloh develops and builds two- and four-axle diesel-hydraulic locomotives with low and medium output. Over the past years, this company has established itself as one of the leading suppliers in this segment. Last year’s sales amounted to around EUR234 million. Alstom Valencia develops and builds diesel-electric locomotives for passenger, freight, and shunting services. Among the focal points of the product range are high-output six-axle diesel locomotives. The plant manufactures bogies, too. Alstom Valencia is also involved in local transportation projects in the Valencia region. Latest annual sales totaled some EUR100 million. Werdohl/Valencia, November 29, 2004 Vossloh AG The Executive Board end of ad-hoc-announcement (c)DGAP 29.11.2004 ——————————————————————————– WKN: 766710; ISIN: DE0007667107; Index: MDAX Listed: Amtlicher Markt in Düsseldorf und Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hannover, München und Stuttgart 291654 Nov 04