• Strengthening of Vossloh’s core divisions Customized Modules and Lifecycle Solutions • Internationalization and higher value added • Operationally positive earnings as of 2015
Dr.h.c. Hans Martin Schabert, CEO of Vossloh AG: "By forming the joint ventures with VR Track, we are improving our access to the demanding Finnish market and lay an important foundation for accelerated growth in our core business divisions in Northern Europe. We look forward to further intensifying the co-operation with our experienced long-term business partner, VR Track".
Ville Saksi, CEO of VR Track adds: "With Vossloh, we have found an adept and re- nowned rail technology specialist for the joint and successful development of the switch systems and rail infrastructure service activities. Our existing successful business rela- tionship will be expanded and further strengthened through the joint ventures."
The switch business will be integrated into Vossloh's Customized Modules division, which provides individualized infrastructure modules. Vossloh is contributing its existing switch systems assets in Finland. The welding facility will become a part of Lifecycle Solutions, the division of Vossloh that provides comprehensive rail services and sup- plements the two other core divisions by a range of specialized services.