Vossloh France, a subsidiary of Vossloh AG, has entered into an agreement with TowerBrook Capital Partners L.P. to acquire the Sateba Group. Based in Paris, Sateba is a leading European manufacturer of concrete ties and has recently diversified its product range to include various rail infrastructure components. The enterprise value of the acquisition is projected at €450 million.
Sateba operates 19 production sites across ten European countries, boasting an annual production capacity of approximately four million track and turnout ties.
