Vossloh Group has signed a sale and purchase agreement regarding the sale of the business unit Vossloh Infrastructure Services to Eurovia S.A., a company of the VINCI-Group. On June 18, 2008, Vossloh AG had already received a corresponding binding bid from Eurovia S.A. Following the approval of the Supervisory Board and of the Vossloh Infrastructure Services' works councils, the Management Board of Vossloh AG has accepted this offer today. The closing of the transaction is still subject to the merger control clearance by the competent authorities. The fixed purchase price for all shares in Vossloh Infrastructure Services S.A.'s and its subsidiaries amounts to EUR 150 million, based on an enterprise value of around EUR185 million.
The business unit Vossloh Infrastructure Services comprises the construction and maintenance of railway tracks as well as the installation of overhead lines. With a workforce of around 1,500, the business unit reported sales of a good EUR 210 million in 2007.
The business unit Vossloh Infrastructure Services comprises the construction and maintenance of railway tracks as well as the installation of overhead lines. With a workforce of around 1,500, the business unit reported sales of a good EUR 210 million in 2007.
