Transmashholding has closed the sale deal with DCD Group Pty Ltd allowing TMH Africa the full acquisition rights of a 45 000 sqm DCD Rolling Stock in Boksburg, South Africa.
The facility will enable the assembling, maintenance and refurbishment of rolling stock. TMH Africa’s capable workforce will continue delivering innovative diesel and electric locomotives as well as coaches in South Africa and the rest of the continent.
“This newly acquired renowned world class manufacturing facility demonstrates our Africa growth strategy, giving TMH an unparalleled position in the railway sector. Combined with TMH full suite of innovative technologies, this facility will be the home of African produced and African designed rolling stock solutions. The acquisition will unlock our global expansion strategy, which will pave the way to capture further growth opportunities in South Africa, Africa and worldwide narrow-gauge markets,” Jerome Boyet, CEO for TMH Africa, said.
With the acquisition of the rail manufacturing facility, TMH Africa and its partner MJISA will contribute towards South Africa’s inclusive economy through job creation and skills development in line with South Africa’s National Development Plan’s key priorities.