Merger of Rhomberg Rail Holding and Sersa Group

Rhomberg Rail Holding and Swiss Sersa Group form Europe’s most comprehensive railway technology enterprise
 
Rhomberg Rail Holding GmbH, a company of the Rhomberg Group and leading Austrian full service provider of railway technology with its headquarters in Bregenz, Vorarlberg, announced its merger with the Zurich-based family enterprise Sersa Group at the start of this week. The owners of both enterprises signed the contracts on 13 September. They filed an application for antitrust investigation of the merger into a 50:50-joint venture.
 
For the Rhomberg Group this step marks the continued striving for internationalising activities in the railway technology sector. At a turnover of about EUR 170 million in the 2011/12 fiscal year Rhomberg Bahntechnik was able to significantly increase its project related results – in total 480 employees will enter the joint holding. The Sersa Group also registered a growth in turnover to about CHF 220 million (about EUR 183 million) and brings about 1,100 employees to the venture.
 
The merger consolidates the presence of both companies in the European and international market for railway technology: Both companies introduce branches in Austria, Germany and Switzerland, the Netherlands, the UK, Turkey, Australia and Canada into the partnership.
 
„We are convinced this merger was the right decision in the sense of a long-term strategy of both companies“, says Konrad Schnyder, CEO and owner of the Sersa Group. “We are glad to announce this merger of two strong partners. Rhomberg Rail Holding and the Sersa Group complete each other ideally through their products and services as well as their geographic market orientation“, explains Hubert Rhomberg, CEO Rhomberg Group.
 
The Rhomberg Group based in Bregenz is operating in the Following sectors: construction (including resources and recycling/utilisation) and railway technology. Established in 1886 the fourth-generation family company has 950 employees in total and operates locations and subsidiaries in Austria, Switzerland, Germany, Australia, Turkey and the UK. In the 2011/12 fiscal year the group generated turnover at EUR 350 million.

Quelle: LogEastics

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