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voestalpine Expands its Globally Leading Position in Turnout Technology with Acquisition in Great Britain
- Majority stake in Control & Display Systems Ltd. (CDS Rail) strengthens “Hytronics” segment of monitoring, diagnostic and drive units.
- Now, voestalpine Group is already represented with 38 turnout production sites.
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Following the recent market entry in Mexico, the listed voestalpine Group has concluded a further important acquisition in the turnout technology segment. VAE, the global market leader in turnouts and turnout systems, has acquired a 60% stake in the British company Control & Display Systems Ltd. (CDS Rail), which is specialized in the monitoring and the gathering and transmission of data from railway trackside assets.
CDS Rail is predominantly active in Great Britain; based in Southern England, the company employs more than 20 staff there and achieves equivalent annual revenues of about EUR 6 million. The strategic relevance of this acquisition results from the fact, that the British company represents a valuable complement to VAE’s “Hytronics” product segment, which covers all activities of electronic monitoring units and hydraulic setting systems for railtracks.
"Hytronics-Hydrostar"
„Hytronics“ – a combination of „hydraulics“ and „electronics“ – stands for unique diagnostics and drive systems, which improve safety, reduce maintance and thus optimize life cycle costs.
CDS Rail is a leading company in the area of monitoring systems for the railway trackside. For example, it offers technologies providing railway companies with data transmitted directly from the track via internet, email, or SMS. With information received in real-time, they can react instantly and proactively to any possible technical problem.
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