Vossloh AG : Sateba set to round out the production portfolio in Europe
>Sateba: sales of around ~€ 340m in 2024 in concrete ties in Europe - Vossloh has announced the acquisition of Sateba Système Vagneux, a French company owned by TowerBrook Capital Partners that specialises in the production of concrete ties for the European market. The group has 1,120 employees and 19 production sites in Europe. Its sales are forecast at ~€ 340m in 2024 and management said its margin exceeds that of Vossloh (9.5% in 2024e).Management has ide...Vossloh is a holding company. Through its subsidiaries, Co. in engaged in the rail technology markets. Co.'s core businesses comprise rail infrastructure products and services, rail vehicles, and components for rail vehicles and buses. Co. conducts its operations through two divisions: Rail Infrastructure and Transportation. The Rail Infrastructure division provides products and services related to the infrastructure through three business units: Fastening Systems, Switch Systems, and Rail Services. The Transportation division consists of the operations related to rail vehicles and vehicle systems/components and has two business units: Transportation Systems and Electrical Systems.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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