Swedish group EuroMaint Rail said it has acquired German rolling stock maintenance company Rail Service Management (RSM).
According to EuroMaint, RSM is strong in the freight segment and the acquisition paves the way for the company to enter Germany's passenger traffic rolling stock maintenance market.
The company also said the move is the "first large step" in its plans for international expansion, aimed at establishing it as Europe's leading independent supplier of maintenance services for rolling stock.
RSM, considered Germany's largest independent rolling stock maintenance company, had a turnover of €94m in 2008, employs nearly 800 people at 12 locations in Germany and Belgium and is active in Poland and the Netherlands through joint ventures.
Subject to regulatory approval, the deal will come into effect in January 2010.