Vossloh takes over Dutch supplier ETS Spoor
International railway supplier Vossloh has taken over the Dutch ETS Spoor. With the acquisition, the company wants to expand its position on the Dutch rail market.
Vossloh, a leading international supplier of rail infrastructure products and services, yesterday signed an agreement to acquire the Dutch company ETS Spoor B.V. (ETS). ETS is an established and leading market player with a wide range of products and services
ETS Spoor and Vossloh have been working together for years. For example, ETS Spoor supplies Vossloh’s products to the Dutch rail market. In addition, ETS Rail also supplies products and services outside the Vossloh portfolio, which the companies say enables the rail market to supply the local offer as a ‘one-stop-shop’.
“The acquisition of ETS Spoor plays a key role in the implementation of our Group strategy. It brings us a decisive step closer to important Dutch customers such as the network operator ProRail, who have so far purchased our products and services directly or indirectly at ETS Spoor”, said Oliver Schuster, General Manager of Vossloh AG.
The sale will officially close on July 30. The parties do not want to disclose the value of the acquisition. ETS Spoor achieved a turnover of approximately 20 million euros in 2020 and will in the future be part of the Lifecycle Solutions division.