EQS-News: Acquisition of Sateba completed

Acquisition of Sateba completed

Vossloh expands its portfolio in Europe with the closing of the purchase

The rail technology company Vossloh has completed its acquisition of the European concrete sleepers manufacturer Sateba. The transaction was finalized on October 1.

Sateba, headquartered in Paris, is one of the leading manufacturers of concrete sleepers in Europe. With around 1,000 employees and 19 production sites in ten European countries, Sateba has a production capacity of around four million sleepers per year. Vossloh already has extensive experience in the concrete sleepers business in the North American and Australian markets. With the acquisition of Sateba, Vossloh is now also expanding its portfolio in Europe.

“We can now offer our European customers even more comprehensive solutions,” says Oliver Schuster, CEO of Vossloh AG. “Sateba is a technology and innovation leader in our industry and, as a pioneer in the decarbonization of concrete sleepers, is an excellent fit for Vossloh because sustainability is part of our company’s DNA.”

In July 2024, Vossloh concluded an agreement with Sateba’s previous owner, TowerBrook Capital Partners L.P., to acquire 100 percent of the company for a purchase price of around €450 million. The authorities in all countries involved approved the purchase. The transaction is being financed primarily through debt, supported by a capital increase last November.

Sateba generated sales of around €350 million in the past fiscal year. Against the backdrop of the completed acquisition, Vossloh is specifying its expectations for sales and EBIT as announced and, based on current business development in the new group structure, now anticipates consolidated sales including Sateba of €1.33 to €1.4 billion for 2025 (previously without Sateba: €1.25 to €1.325 billion) and consolidated EBIT before effects from the purchase price allocation for Sateba (PPA effects) of €116 to €126 million (previously without Sateba: €110 to €120 million). The specified forecast also takes into account transaction and integration costs in connection with the acquisition of Sateba, negative translation effects due to current exchange rate developments, and slightly negative effects from the introduction of tariffs. The EBIT margin (before PPA effects for Sateba) in the Vossloh Group is still expected to be 9 percent (+/- 0.5 percentage points) in 2025.

Contact details for media:
Ivo Banek
E-Mail: presse@vossloh.com

Contact details for investors:
Dr. Daniel Gavranovic
E-Mail: investor.relations@vossloh.com

Phone: +49 (0) 2392 52-609

Vossloh is a global technology group which for around 140 years has stood for quality, safety, customer focus, reliability and innovative strength. With its comprehensive range of rail-related products and services, Vossloh ranks among the world market leaders in this sector. Vossloh offers a uniquely broad range of products and services under one roof: Rail fastening systems, concrete ties, switch systems and crossings as well as innovative and increasingly digital-based services for the entire life cycle of rails and switches. Vossloh uses its systemic understanding of the track to address the central customer need of "availability of the rail track".

Vossloh products and services are in use in more than 100 countries. With almost 80 Group companies in nearly 30 countries and over 40 production locations, Vossloh is active locally worldwide. Vossloh is committed to sustainable corporate governance and climate protection and with its products and services makes an important contribution to the sustainable mobility of people and goods.

The Group's activities are organized into the three divisions Core Components, Customized Modules and Lifecycle Solutions. In the 2024 financial year, Vossloh generated sales revenues of €1,209.6 million with around 4,200 employees.