Russian manufacturer Transmashholding (TMH) has closed a deal with DCD Group to acquire its 45,000 sq m rolling stock plant in Boksburg, South Africa.
The facility will become TMH’s only production site in Africa. It will be used to assemble, maintain and refurbish diesel and electric locomotives as well as coaches for South Africa and the rest of the continent.
TMH International CEO Martin Vaujour said: “We are very proud of closing this deal. This is a major milestone in our investment strategy to create local champions in our markets.
“Boksburg becomes the TMH Group narrow gauge industrial site, and we are looking forward to serving customers worldwide from our African setup for both services and sub-assembly manufacturing.”
TMH Africa CEO Jerome Boyet added: “This newly acquired renowned world class manufacturing facility demonstrates our Africa growth strategy, giving TMH an unparalleled position in the railway sector.
“Combined with TMH full suite of innovative technologies, this facility will be the home of African produced and African designed rolling stock solutions. The acquisition will unlock our global expansion strategy, which will pave the way to capture further growth opportunities in South Africa, Africa and worldwide narrow gauge markets.”
Read more: ORR approves Network Rail’s £35bn CP6 plans