Siliguri April 8: As a major acquisition by any Indian company in global railway infrastructure sector, West Bengal based PCM Group has acquired Germany based 118 years old Rail. One GMBH, a leading international manufacturer of concrete railroad ties, railroad systems and railway track. "PCM has made it as the first major acquisition in Global railway infrastructure sector by any Indian origin company. PCM Group, through its subsidiary SPV PCM Germany GMBH acquired RAIL.ONE GmbH and all its subsidiaries effective from 27th March 2013 with a spending of around 36 Million Euro," said Mr. Kamal Kumar Mittal, Chairman, PCM Group.
PCM group already has its bold presence in diverse areas including Engineering, Information and Communication, Manufacturing, Service, Energy, Media, Steel, Tea and consumer products in many countries. Beside India, it has got its plants and modern manufacturing facilities in countries like Saudi Arabia, UAE, Thailand or Bhutan.
Talking to ET on the acquisition, Mr Jochen Riepl, CEO of RAIL.ONE Group said, "This handshaking has combined RAIL.ONE's strengths of quality and reliability along with the broad long term vision of PCM in the railway infrastructure segment. The synergy to come out of this combination of competences will result in new business possibilities and international growth for the whole group."
Neumarkt, Germany based RAIL.ONE GMBH has global presence in the field of railway tracks and allied sectors. With its patented 'RHEDA 2000' ballast-less track system, the company has achieved an internationally leading position in the field of high-speed rail transportation. The near 150 million Euro company has its plants in Germany, Romania, Saudi Arabia, Spain, South Korea, Turkey and Hungary.
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