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Vossloh CEO says co could finance acquisitions of 300-500 mln eur


Published : Fri, 27 Apr 2007 09:05
By : Agencies
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FRANKFURT (Thomson Financial) - Vossloh AG could make acquisitions worth 300-500 mln eur without a capital increase, chief executive officer Gerhard Eschenroeder told Boersen-Zeitung in an interview.

'We have strongly reduced our debt in the past months,' Eschenroeder told the newspaper.

Especially in the switch systems division, the company can only grow through acquisitions, Eschenroeder said.

China, India and the US are the company's biggest growth markets, he told Boersen-Zeitung.

Vossloh makes fastening and switch systems for railroads as well as diesel locomotives and electrical systems for trams.

maria.sheahan@thomson.com

mas/lam

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