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December 3, 2013

Stadler Rail to acquire Voith Rail Services

Swiss locomotives maker Stadler Rail has signed an agreement to acquire Voith Rail Services, a subsidiary of Voith in the Netherlands, to expand its rolling stock maintenance activities.

By admin-demo

Swiss locomotives maker Stadler Rail has signed an agreement to acquire Voith Rail Services to expand its rolling stock maintenance activities.

Voith Rail Services, which currently has turnover of about €20m, has long-term maintenance contracts with rail operators Arriva, Veolia, Connexxion and Regio Utrecht. These contracts cover 84 GTW trains delivered by Stadler to the Netherlands over the last seven years, plus 38 tram vehicles by other manufacturers.

The acquisition, which is part of Stadler Rail’s plans to reinforce its service sector, will also include Voith Rail Services’ three workshops in Venlo, Leeuwarden and Nieuwegein apart from offices in Twello.

"We are taking over from Voith a team of highly qualified employees."

Stadler Rail service executive vice president Jürg Gygax said: "We are taking over from Voith a team of highly qualified employees and are thus in a position to offer our customers a comprehensive and high-quality service."

Through the acquisition, Stadler Rail can reinforce links to existing customers and gain a more in-depth knowledge of its own vehicles apart from enhancing its position in the Netherlands with respect to future orders.

Stadler has already signed long-term maintenance contracts in Germany, Hungary, Algeria, Austria, Italy, Poland, Norway and Sweden, and operates maintenance works in these countries.

Voith has been operating Voith Rail Services since 2005 through its subsidiary Voith Industrial Services (Germany).

Voith Rail Services employs 100 people at its office in Twello and workshops in Venlo, Leeuwarden and Nieuwegein. After the acquisition, it will operate under the name Stadler Netherlands.

Stadler Rail has set up a service division at Bussnang in the recent times and plans new sites in Hungary, Algeria, Austria and South Tyrol.

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