EQS-News
Vossloh acquires Nordic Tamping Service
- Vossloh acquires Nordic Tamping Service in Sweden.
- Acquisition enhances Vossloh's service offerings in Scandinavia.
- NTS integrates into Vossloh’s Lifecycle Solutions unit.
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EQS-News: Vossloh Aktiengesellschaft / Key word(s): Mergers & Acquisitions Vossloh acquires Nordic Tamping Service |
Vossloh has acquired Nordic Tamping Service AB (NTS), based in Borlänge, Sweden. NTS specializes in tamping ballast beds to stabilize tracks and operates mainly in Sweden and Norway. The purchase was completed on Friday, January 9.
With the acquisition of NTS, Vossloh is taking on an experienced, well-coordinated team and the entire technical equipment. This allows Vossloh to expand its range of services for railway network operators in Scandinavia to include ballast tamping. This service is used in the installation and maintenance of tracks.
“NTS completes our portfolio in Scandinavia,” says Oliver Schuster, CEO of Vossloh AG. “This enables us to offer our customers an even more comprehensive range of services from a single source than before.”
Vossloh currently employs around 530 people in Sweden, Denmark, Norway, and Finland. Activities range from the supply of turnouts, fastening systems and concrete sleepers to services such as track construction and maintenance. NTS will be integrated into Vossloh’s Lifecycle Solutions business unit.
Contact details for the media:
Ivo Banek
Email: Presse@vossloh.com
Contact details for investors:
Dr. Daniel Gavranovic
Email:Investor.relations@vossloh.com
Phone: +49 (0) 23 92 / 52-609
About Vossloh:
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".

