Stadler acquires Vossloh's Spanish plant

A bit off topic for this newslog maybe, but seeing I've been reporting on Stadler and also touching on Spanish interest, it is of interest to see Stadler taking over Vossloh's Valencia locomotive and rolling stock plant, whose products include trams. British readers of this newslog will associate the plant with class 68 locomotives.

Stadler is paying 48 million Euros for the plant in addition to taking over 124 million of debt. The plant has an order book of more than 700 million. It has booked taking of 182 million to date this year and employs 900 people. Prior to Vossloh taking over the the plant, it was owned by Alstom between 1989 and 2005, and before that was the Spanish manufacturer Macosa, founded in 1947 but tracing its origins to 1879. Manufacturing was transferred from Valencia City to their present site at Albuixech in 1997.

The picture above shows one of the tram trains built by Vossloh for Alicante in 2006 to a design of Alstom heritage.

this item was added on 04.11.2015 (3096 days ago)
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