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Vossloh to acquire Strabag's rail milling segment

Nov 06, 2018 - Marketline Newswire

German company Vossloh has signed an agreement to acquire the rail milling business of Strabag Rail in a bid to bolster its rail and switch maintenance services.

The transaction includes the acquisition of Strabag Rail's four milling machines, as well as the transfer of its 30 employees.According to Vossloh, the purchase price and expected sales of the transaction are in the low double-digit million range.Rail milling involves repairing deep rail defects and re-profiling the railhead to im...