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11 April 2013

RAIL.ONE Announces PCM Group as Its New Strategic Owner

With successful conclusion of search for an investor, RAIL.ONE Group has a strong strategic shareholder with long-range orientation. The Neumarkt company – pioneer and leading manufacturer of concrete sleepers as well as systems provider for railway tracks – and its subsidiaries are now part of the Indian conglomerate PCM Group of Industries. This is the first major acquisition by an Indian company in the sector of railway infrastructure.

This successful acquisition by PCM Group is considered an exceptionally positive signal. The new intercontinental alliance will strengthen the positions of both companies on the global market for railway track systems.

As Jochen Riepl, CEO of RAIL.ONE, emphasised: "We are happy that PCM Group, which has extensive experience in infrastructure, has acquired RAIL.ONE Group. Together we combine RAIL.ONE’s strengths of quality and reliability along with the broad long term vision PCM lives throughout in the entire railway infrastructure segment. These competencies will result in new business possibilities and international growth for the group."

Kamal Kumar Mittal, Chairman of PCM Group of Industries, on behalf of the Indian shareholder, also eagerly looks forward to collaboration with the German company and stresses the potential of this partnership: "We are excited about this acquisition as it further strengthens our portfolio, expertise and network in Railway Infrastructure Worldwide. This is a giant step for PCM Group and this acquisition has made us world’s leading conglomerate in Railway Infrastructure. This is one of the major acquisition in Railway sector by an Indian company, making PCM Group as one of the world’s largest track systems and service providers."

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