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Vossloh to Expand Product Portfolio in Europe by Acquiring Sateba
On July 31, 2024, Vossloh AG announced its plan to acquire the Sateba Group. Sateba, based in Paris, is a leading manufacturer of concrete ties in Europe with 1,120 employees and 19 production sites across ten countries. This acquisition aims to enhance Vossloh's product offerings and system expertise in Europe.
The acquisition will be completed by spring 2025, pending regulatory approvals and consultations with employee representatives. The transaction is valued at €450 million and will be financed through bridge financing and a long-term loan. Vossloh also plans to increase capital as part of the financing strategy.
CEO Oliver Schuster highlighted that this move supports sustainable rail mobility and aligns with Vossloh's long-term profitability goals. CFO Dr. Thomas Triska added that the acquisition will positively impact earnings per share and help achieve a double-digit EBIT margin.
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