Vossloh has acquired a majority interest in the Marlin, TX-based railroad automation company Global Rail Systems. With 4700 employees spread out over 70 companies and 30 countries, Vossloh focuses on its core businesses of rail infrastructure, rail vehicles, signaling systems, and electric buses. The acquisition of GRS complements Vossloh's three other U.S.-owned companies: Vossloh Track Material, formerly Pohl Corp.; Cleveland Track Material Inc., which manufacture track switches; and Chicago-based Vossloh Fastening Systems America Corp. GRS manufactures and supplies the railroad, transit, and industrial railroad markets with advanced railroad technology products for mainline and yard switch control and automation, crossing warning systems, train detection, and advanced control and dispatching software.
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Vossloh expands in U.S. with GRS acquisition
22-Oct-2009 18:42 GMT
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