voestalpine VAE Railway Systems Pty Ltd., a subsidiary of voestalpine VAE GmbH, a global leader in turnout technology and part of the Metal Engineering Division at the voestalpine Group, is gaining a specialist business in the railway systems sector with the acquisition of BRFC. voestalpine already has twelve locations in Australia which generated total revenue of around EUR 75 million in the business year 2013/14 and employ around 200 persons. By acquiring BRFC, the voestalpine Group will extend its market position in the turnout and rail technology sector in the world’s seventh largest railway network. The global technology and capital goods Group already generates around 13 percent of Group revenue in this segment. The extended local presence achieved as the result of this acquisition, paired with the voestalpine Group’s highly innovative know-how, offers great potential for future local transport projects in Australia, as well as for the important heavy-load sector.
“BRFC is one of the five largest railway system providers in Australia. This acquisition extends our product and customer portfolio in Australia to include passenger and local traffic, and continues to expand our already excellent market position further. Thanks to the affiliated welding plant, we have opened up additional business opportunities within the voestalpine Group,” explains Franz Kainersdorfer, Member of the Management Board of voestalpine AG and Head of the Metal Engineering Division. The Group is also diversifying its product and customer portfolio with this acquisition in Australia. “As a result we are expanding our product range covering passenger rail traffic, and expect to form new partnerships in the urban infrastructure sector,” says Kainersdorfer.