Schaltbau Holding AG acquires remaining 5.2 per cent in Spanish company Albatros

Schaltbau Holding AG acquires remaining 5.2 per cent in Spanish company Albatros

Madrid / Munich, 30 September 2016. Today, Schaltbau Holding AG, Munich, increased its shareholding in Albatros S.L., Madrid, by 5.2 per cent and now owns 100 per cent of its shares. The purchase price was paid in cash. The company will be consolidated in the Group reporting entity with immediate effect.

Albatros supplies passenger safety and information systems as well as inverters for rolling stock. The integration of Albatros enables the Schaltbau Group to supply rail systems providers with solutions for controlling and monitoring trains as well as their communication with stationary safety and signal system technologies.

With annual sales approaching EUR 500 million and 3,000 employees worldwide, the Schaltbau Group is a leading supplier of components and systems in the field of transportation technology and the capital goods industry. The companies of the Schaltbau Group supply complete level crossing systems, train formation and signal technology, door and boarding systems for buses, trains and commercial vehicles, sanitary systems, interior fittings, communications and safety systems for railway vehicles, industrial brakes for container cranes and wind turbines, and also high- and low-voltage components for rolling stock as well as for other fields of application. Its innovative and future-oriented products make Schaltbau a key industrial business partner, particularly in the field of transportation technology.