Signing of an agreement to acquire 3 railcars workhops in Germany
INVEHO announces the signing of an agreement to acquire the maintenance and wheelsets activities of the German No. 2 in the sector, VILLMAN-GRUPPE.
With 9 sites in Europe, INVEHO will become the leading European network of freight railcars maintenance workshops.
This acquisition will strengthen INVEHO’s territorial network at European level, with a presence on three strategic locations in Germany, allowing it to operate in the continuity of the VILLMANN-GRUPPE throughout Germany.
INVEHO will thus complete its service offering to players in the rail freight industry by becoming the leading European network for the construction and maintenance of freight wagons.
The closing of this transaction is expected in January 2021 and remains subject to the authorization of the competent anti-trust authority.
INVEHO’s 3 new sites in Germany (FWB, FWN, WBA) are located in Brandenburg, Ellrich-Woffleben and Altenburg, and will rely on the recognized know-how of 450 employees.
These 3 workshops offer 5 activities in Germany:
- Maintenance and overhaul of freight railcars and tank railcars, including garage capacities,
- Maintenance and manufacture of wheelsets,
Modernization, renovation and modification of railcars,
- Cleaning and shot-blasting of railcars,
- Mobile maintenance.