Vossloh to acquire Sateba Group for €450m.

Vossloh, a rail technology company, agreed to acquire Sateba Group, a manufacturer of concrete ties, for €450m. "After the completion of the transaction, Sateba will have a positive impact on earnings per share and supports the achievement of the Vossloh Group's long-term profitability targets. In addition to Sateba's ongoing business, the gradual realization of identified synergy potentials will also contribute to this. Vossloh is aiming for a double-digit EBIT margin in the Group in the long term unchanged. In addition, the ratio of net financial debt to EBITDA should remain well below 2.75 following the implementation of the transaction. With the financing described, we are extremely confident that we will achieve this goal," Thomas Triska, Vossloh CFO.