Vossloh has completed the acquisition of Austrak

January 24 2019

- Closing conditions for the acquisition of the Australian concrete sleeper manufacturer completely fulfilled

- Austrak acquisition strengthens competitive position in the Australian growth market

Vossloh AG successfully completed the acquisition of the Australian concrete sleeper manufacturer Austrak Pty Ltd. ("Austrak") through its subsidiary Vossloh Australia Pty Ltd. today. All the necessary closing conditions were authorized, including merger control clearance by the Australian authorities. The contract for the acquisition of Austrak was signed on August 3, 2018 with the former owner Laing O'Rourke.

The acquisition serves to expand the Company's product portfolio in the Australian market by concrete sleepers and increase Vossloh's vertical integration in the Australian rail infrastructure business. "The acquisition of Austrak marks another milestone in our growth strategy. We are very pleased that the acquisition is completed and welcome Austrak to the Vossloh Group," says Andreas Busemann, CEO of Vossloh AG.

In the future, Austrak will be part of the Tie Technologies business unit in the Core Components division.

Contact Information for media:

Dr. Thomas Triska

Phone: +49 (0) 2392 52-608

Email: presse@vossloh.com (mailto:presse@vossloh.com)

Contact information for investors:

Dr. Daniel Gavranovic

Phone: +49 (0) 2392 52-609

Email: investor.relations@vossloh.com (mailto:investor.relations@vossloh.com)

Vossloh is active in rail technology markets worldwide. The Company's core business is rail infrastructure. The Group activities in the area of rail infrastructure are organized into the three division of Core Components, Customized Modules and Lifecycle Solutions. In the 2017 fiscal year, Vossloh achieved sales of about €920 million in its core business, with more than 3,900 employees.

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