The rail technology company Vossloh has completed its acquisition of the European concrete sleepers manufacturer Sateba. The transaction was finalized on October 1.
Sateba, headquartered in Paris, is one of the leading manufacturers of concrete sleepers in Europe. With around 1,000 employees and 19 production sites in ten European countries, Sateba has a production capacity of around four million sleepers per year. Vossloh already has extensive experience in the concrete sleepers business in the North American and Australian markets. With the acquisition of Sateba, Vossloh is now also expanding its portfolio in Europe.
“We can now offer our European customers even more comprehensive solutions,” says Oliver Schuster, CEO of Vossloh AG. “Sateba is a technology and innovation leader in our industry and, as a pioneer in the decarbonization of concrete sleepers, is an excellent fit for Vossloh because sustainability is part of our company’s DNA.”
In July 2024, Vossloh concluded an agreement with Sateba’s previous owner, TowerBrook Capital Partners L.P., to acquire 100 percent of the company for a purchase price of around €450 million. The authorities in all countries involved approved the purchase. The transaction is being financed primarily through debt, supported by a capital increase last November.
Sateba generated sales of around EUR 350 million in the past fiscal year. In the United Kingdom, the company has a production facility in Ilkeston, Derbyshire, and employs around 140 people.
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