With an acquisition in North America, voestalpine strengthens its leading position in high-quality components for the rail track in the U.S.
U.S. subsidiary of VAE GmbH acquires the assets of a top-supplier of specialty components for the steel track. VAE Nortrak North America Inc, a wholly owned subsidiary of VAE GmbH, Austria—a company of the listed voestalpine Group—and North America's leading supplier of trackwork components and turnout systems, has acquired the assets of Leading Edge Enterprises Inc. of Decatur, Illinois. Effective immediately, Leading Edge's Decatur facility will operate under the VAE Nortrak banner.