View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
August 2, 2016

Greenbrier completes acquisition of 19.5% stake in Brazil’s Amsted-Maxion Cruzeiro

US-based transportation equipment and services provider Greenbrier Companies has acquired a 19.5% ownership stake in Brazil’s Amsted-Maxion Cruzeiro for $10m.

By Lopamudra Roy

US-based transportation equipment and services provider Greenbrier Companies has acquired a 19.5% ownership stake in Brazil’s Amsted-Maxion Cruzeiro for $10m.

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

Amsted-Maxion Cruzeiro manufactures castings and components for railcars and other heavy equipment. Besides Greenbrier, the Brazilian firm is co-owned by engineered system solutions provider Amsted Rail Brasil and railway company Iochpe-Maxion, each holding 40.25% shares.

In collaboration with Greenbrier, Amsted-Maxion Cruzeiro owns Amsted-Maxion Equipamentos E Serviços Ferroviários (Greenbrier-Maxion), which manufactures railcars in Hortolândia, Brazil. Currently, Greenbrier holds a 19.5% stake in Greenbrier-Maxion, while Amsted-Maxion Cruzeiro owns the remaining 80.5% equity interest in the company.

Based on its current equity position in Amsted-Maxion Cruzeiro, Greenbrier directly and indirectly owns 35% of the outstanding equity of Greenbrier-Maxion.

"Greenbrier directly and indirectly owns 35% of the outstanding equity of Greenbrier-Maxion."

Greenbrier's chairman and CEO William Furman said: “We are pleased with the progress made at Greenbrier-Maxion over the past year together with our partners Amsted and Iochpe.

“Global markets are important for Greenbrier and a significant part of our business strategy. I am pleased to expand our partnership in Brazil with Amsted and Iochpe beyond railcar manufacturing into castings and components for railcars and other heavy equipment.”

Amsted-Maxion Cruzeiro operates in a wide range of transportation equipment markets across Latin America and provides railcar castings and components to Greenbrier-Maxion.

The company also delivers components for heavy equipment used in agriculture, mining, and other industrial applications.

Subject to certain conditions, Greenbrier also has a provision to purchase an additional 10% stake in Amsted-Maxion Cruzeiro by 20 October 2017.

Related Companies

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The railway industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Railway Technology