The chairman of Vossloh’s supervisory board, Heinz Hermann Thiele, has announced a takeover bid for the German manufacturer.
Thiele, who already holds 29.99 per cent of Vossloh through KB Holding, said he wanted to support the long-term future of the company and keep Vossloh as an ‘autonomous, listed, independent company’.
Vossloh said in a statement: “We are pleased to have KB Holding GmbH as a long-term oriented investor.
“The board will examine the bid immediately after publication and then issue a reasoned statement on the subject.”
Thiele said he supported the strategy announced by Vossloh’s executive board in December to sell the company’s rail vehicle division.
The reorganisation also includes splitting Vossloh’s infrastructure business into three core areas; core components, customised modules and lifecycle solutions.
