Vossloh-Sateba: European Concrete Sleeper Acquisition & Rail Expansion

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Introduction

Vossloh finalized the acquisition of Sateba, a European concrete sleeper manufacturer, on October 1. The purchase price for 100 percent of the company was approximately €450 million, agreed upon in July 2024.

Acquisition Details

The acquisition of Sateba by Vossloh was completed on October 1. The agreement to acquire 100 percent of the company was reached in July 2024, with TowerBrook Capital Partners L.P. as the previous owner. The purchase price was approximately €450 million. The transaction was financed primarily through debt, supported by a capital increase last November. All relevant authorities approved the purchase.

Sateba Overview

Sateba, headquartered in Paris, is a leading manufacturer of concrete sleepers in Europe. The company employs around 1,000 people and operates 19 production sites across ten European countries. Its production capacity is approximately four million sleepers per year. In the United Kingdom, Sateba has a production facility in Ilkeston, Derbyshire, which employs around 140 people. Sateba’s sales for the past fiscal year were around EUR 350 million.

Vossloh’s Strategic Expansion

Vossloh already has experience in the concrete sleepers business in the North American and Australian markets. The acquisition of Sateba allows Vossloh to expand its portfolio in Europe. Oliver Schuster, CEO of Vossloh AG, stated that the acquisition would enable the company to offer its European customers more comprehensive solutions. He also noted that Sateba is a technology and innovation leader.

Financial Aspects

The total purchase price was around €450 million. Sateba generated sales of approximately EUR 350 million in the previous fiscal year.

Conclusion

Vossloh has completed the acquisition of Sateba, a European concrete sleeper manufacturer. The transaction, finalized on October 1, involved a purchase price of approximately €450 million. Sateba, with its production capacity and established presence in Europe, is expected to enhance Vossloh’s offerings in the region.

Company Summary

Vossloh: A rail technology company.

Sateba: A European manufacturer of concrete sleepers.

TowerBrook Capital Partners L.P.: The previous owner of Sateba.

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