Vossloh divests its rolling stock business
Published: Thu, 2014-12-04 11:52Vossloh announces that transportation no longer belongs to its core business. As a result of an extensive strategy development ongoing since June 2014, Vossloh in the future will concentrate solely on defined strong-growth segments of the rail infrastructure in economically attractive regions.
With this, the longer-term transformation of the Group into a new company in the rail infrastructure segment is being initiated. The goal is to become one of the two leading suppliers in the product areas and regional markets which are significant for Vossloh i.e. to further secure and expand existing market leadership positions. For this purpose, based on market size, forecast market growth and technological standards, the Executive Board defined Western Europe, China, USA and Russia as the four primary focus markets for Vossloh. Likewise, starting in 2015, the Group operations will be divided into three new core divisions: Core Components, Customized Modules and Lifecycle Solutions.