DGAP-News: Schaltbau subsidiary PINTSCH BAMAG reports buying shunting equipment and signals specialist Tiefenbach GmbH - Stake in Bode Corporation, USA, increased to 100%
(firmenpresse) - DGAP-News: Schaltbau Holding AG / Key word(s): Acquisition/Weiteres
Schlagwort
Schaltbau subsidiary PINTSCH BAMAG reports buying shunting equipment
and signals specialist Tiefenbach GmbH - Stake in Bode Corporation,
USA, increased to 100%
02.01.2012 / 16:06
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Schaltbau subsidiary PINTSCH BAMAG reports buying shunting equipment and
signals specialist Tiefenbach GmbH - Stake in Bode Corporation, USA,
increased to 100%
Munich, 2 January 2012 - PINTSCH BAMAG Antriebs- und Verkehrstechnik GmbH,
based in Dinslaken and a wholly owned subsidiary of Schaltbau Holding AG,
today finalised its acquisition of the shunting equipment and signals
specialist Tiefenbach GmbH of Sprockhövel. The takeover also includes a
business field in the USA and took economic effect from 1 January 2012.
Founded in 1950, Tiefenbach GmbH has forged itself an international
reputation as a leading specialist for railway shunting and signal
technology systems. Apart from its role as location and cooperation partner
on four continents, Tiefenbach GmbH has successfully completed over 300
projects at international level.
With this acquisition PINTSCH BAMAG intends to continue expanding its
existing market position as supplier of signal systems for main and branch
lines both in Germany and abroad and enter promising new markets in the
fields of railway signals engineering, train marshalling systems and sensor
technology. The reciprocal business activities of the PINTSCH BAMAG Group
and Tiefenbach GmbH in the railway signal systems sector are ideally
compatible with each other. The expansion of the company's market position
as manufacturer of process components used in control and safety technology
will also help further strengthen its position as components and subsystems
supplier to railway companies. The amalgamation will therefore not only
signalise a continuation of each company's individual business activities
to date, the new configuration will also open up a far broader range of
options to expand.
The Bode Group already increased its share in the Bode Corporation (based
in Spartanburg, South Carolina, USA) from 67% to 100% on 15 December 2011
and has used the move to strengthen its presence on the important,
fast-growing market in North America. Gebr. Bode's range of products and
services comprises the development, production, installation, commissioning
and maintenance of door systems for city buses and coaches, city and
regional trains and also high-speed trains as well as sliding door fittings
for light commercial vans and cars.
With annual sales of EUR 315 million and a workforce of around 1,700
employees, the Schaltbau Group is a leading supplier of components and
systems in the field of transportation technology. It supplies complete
level crossing systems, door systems for buses and trains, industrial
braking systems for container cranes and also power supply units as well as
high- and low-voltage components for railway vehicles. Its innovative and
future-oriented products make Schaltbau a key business partner in the
fields of transportation technology and industry.
End of Corporate News
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02.01.2012 Dissemination of a Corporate News, transmitted byDGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Schaltbau Holding AG
Hollerithstraße 5
81829 München
Germany
Phone: 089 - 93005 - 209
Fax: 089 - 93005 - 318
E-mail: bloch(at)schaltbau.de
Internet: www.schaltbau.de
ISIN: DE0007170300, DE000A0D66Z2,
WKN: 717030, A0D66Z2,
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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