Partial privatisation studies included in DB restructuring
The Next Federal Election and Passenger and Freight Rail
Transport and Logistics symposium to gauge railway link
Rail gets another CRC. Third time lucky?
Chinese high speed rail should confine the XPT to history
Hendy heads to NR
Urban rail news in brief - July 2015
Inland rail a trifecta for Toowoomba region: mayor
Vossloh Australia signed a contract for the acquisition of concrete sleeper manufacturer Austrak from Laing O'Rourke on August 3.
The transaction is expected to close in Q3 2018, subject to regulatory approval, with Austrak becoming part of the Tie Technologies business unit within Vossloh’s Core Components division.
The deal is valued at A$50·5m, potentially increasing to a maximum of A$54·5m depending on business development over the next two years.
Austrak was founded in 1980. It has its headquarters in Brisbane as well as and several production facilities, and generated sales of A$52·3m in the year to March 31.
Vossloh said it expected the Australian market would offer good growth opportunities in the next few years, with significant mining projects in Western Australia as well as major infrastructure projects on the east coast.
This article first appeared on www.railwaygazette.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2019 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.