GERMANY: Track Tec has signed an agreement to acquire ThyssenKrupp GfT Gleistechnik’s Coswig-based turnout and rail fastening business with effect from January 1. The price was not disclosed.
ThyssenKrupp had announced plans to dispose of the track component business in March, saying it was unprofitable and ‘under extreme cost pressure’.(…)
via Track Tec acquires ThyssenKrupp turnout and fastening business – Railway Gazette.