(CercleFinance.com) – Colas Rail announces this evening that it has signed a contract for the acquisition of 100% of the shares of the German group Hasselmann, a specialist in the construction of railway tracks and railway infrastructure.
The purpose of this operation is to allow Colas Rail to establish itself on the German market, in accordance with its external growth strategy.
The Hasselmann Group consists of three companies: Hasselmann GmbH (railway infrastructure), NTG GmbH (railway) and LGM Logistik GmbH (railway safety).
To date, it employs nearly 300 people and achieved a turnover of 70 million euros in 2021.
‘Once the Hasselmann group is integrated into the Colas Rail family, we intend to deploy throughout Germany,’ explains Hervé Le Joliff, Chairman of Colas Rail.
The transaction is expected to close during the fourth quarter of 2022.