Vossloh expands service portfolio in Northern Europe through acquisition of
Scandinavian Track Group (STG)

EQS-News: Vossloh Aktiengesellschaft / Key word(s): Takeover
Vossloh expands service portfolio in Northern Europe through acquisition of
Scandinavian Track Group (STG)

21.05.2024 / 09:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Vossloh expands service portfolio in Northern Europe through acquisition of
Scandinavian Track Group (STG)

  * STG is a leading company in the fields of switch services and
    track-specific welding services in Sweden

  * The acquisition completes Vossloh's range of services and will cover the
    entire life cycle of switches in the future

  * The transaction represents a major step towards a circular economy and
    supports the Group's sustainability strategy

Werdohl, May 21, 2024. Vossloh signed an agreement with the owners of its
long-standing business partner Scandinavian Track Group (STG) to acquire the
group. STG is a renowned provider of a broad portfolio of services with a
sales focus on the fast-growing and strategically important Swedish rail
infrastructure market.

STG offers various maintenance services for the rail track. STG is the
market leader in Sweden for services relating to switches, such as their
installation or maintenance, as well as for sophisticated welding services
on the rail track. STG also offers a wide range of inspection consulting
services based on its extensive technical expertise.

The purchase and refurbishment of used switches and other track components
for resource-saving reuse completes STG's offering. The acquisition thus
fits seamlessly into Vossloh's sustainability strategy and expands the
service portfolio in the area of the circular economy. In the future,
Vossloh will be ideally positioned in this region to offer the complete
value chain of switches, from development and production to maintenance and
the reconditioning of used switches.

"STG fits perfectly to our portfolio, offers many synergies and strengthens
our position in the innovative Swedish and, in the long term, Scandinavian
market. The acquisition follows our one-stop-shop approach, according to
which we offer our customers tailor-made solutions across all divisions. In
this way, we can fully utilize our strengths, further differentiate
ourselves from the competition and offer our customers decisive added value
from a single source. We are particularly pleased to welcome STG, a
long-standing business partner, as a new member of the Vossloh family," says
Oliver Schuster, CEO of Vossloh AG.

The acquisition is expected to be completed in mid-2024 and is subject to
the approval of the transaction by the Swedish Competition Authority and the
Swedish Ministry of Economic Affairs. STG employs around 120 people,
generated the equivalent of EUR22.3 million in sales revenues in the 2023
financial year and will strengthen the Lifecycle Solutions division in
future.

Jan Furnivall, COO of Vossloh AG, comments: "I also warmly welcome the new
colleagues to Vossloh and am convinced that we can quickly grow together
into an even more powerful team thanks to our long-standing and successful
partnership. Our common goal is to provide our Scandinavian customers with
an even wider range of customized solutions for the life cycle of rails and
switches in the future."

Vossloh is already represented by various subsidiaries in Northern Europe.
The largest of these is Vossloh Nordic Switch Systems, which belongs to the
Customized Modules division and is based in Sweden. Here, more than 185
employees produce switch systems for the Scandinavian market and for export.
In addition, the subsidiary Vossloh Rail Services Scandinavia, based in
Örebro, Sweden, which is part of the Lifecycle Solutions division, provides
comprehensive services related to the maintenance of rails and switches. In
the 2023 financial year, Vossloh generated sales revenues of just under EUR140
million in Northern Europe. Vossloh expects demand in this market to
continue to rise in the future.


Image link:
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Image title: Vossloh

Contact details for the media:
Andreas Friedemann
Phone: +49 (0) 2392 52-608
E-Mail: Presse@vossloh.com

Contact details for investors:
Dr. Daniel Gavranovic
Phone: +49 (0) 2392 52-609
E-Mail: I nvestor.relations@vossloh.com

Vossloh is a global technology group that has stood for quality, safety,
customer focus, reliability and innovation for around 140 years. With its
comprehensive range of products and services for the rail track, Vossloh is
one of the world market leaders in this field. Vossloh offers a uniquely
broad range of products and services under one roof: Rail fastening systems,
concrete ties, switch systems and crossings as well as innovative and
increasingly digital-based services for the entire life cycle of rails and
switches. Vossloh uses its systemic understanding of the track to address
the central customer need of "rail track availability".

Vossloh products and services are in use in more than 100 countries. With
around 75 Group companies in almost 30 countries and over 40 production
locations, Vossloh is active locally worldwide. Vossloh is committed to
sustainable corporate governance and climate protection and makes an
important contribution to the sustainable mobility of people and goods with
its products and services.

The Group's activities are divided into three divisions: Core Components,
Customized Modules and Lifecycle Solutions. In the 2023 financial year,
Vossloh generated sales revenues of EUR1,214.3 million with around 4,000
employees.


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21.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        Vossloh Aktiengesellschaft
                   Vosslohstr. 4
                   58791 Werdohl
                   Germany
   Phone:          +49 (0)2392 52 - 359
   Fax:            +49 (0)2392 52 - 219
   E-mail:         investor.relations@vossloh.com
   Internet:       www.vossloh.com
   ISIN:           DE0007667107
   WKN:            766710
   Indices:        SDAX
   Listed:         Regulated Market in Dusseldorf, Frankfurt (Prime
                   Standard); Regulated Unofficial Market in Berlin,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1907093

End of News EQS News Service
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1907093 21.05.2024 CET/CEST