Vossloh to acquire Scandinavian Track Group.

Vossloh, a global railroads technology group, agreed to acquire Scandinavian Track Group, a rail track maintenance services provider. Financial terms were not disclosed. "STG fits perfectly to our portfolio, offers many synergies and strengthens our position in the innovative Swedish and, in the long term, Scandinavian market. The acquisition follows our one-stop-shop approach, according to which we offer our customers tailor-made solutions across all divisions. In this way, we can fully utilize our strengths, further differentiate ourselves from the competition and offer our customers decisive added value from a single source. We are particularly pleased to welcome STG, a long-standing business partner, as a new member of the Vossloh family," Oliver Schuster, Vossloh AG CEO.