voestalpine Acquires Dutch Company’s Research Department
The Austrian steel company expands its portfolio in railway systems technology with the acquisition of Baas R&D. The transaction is expected to boost expertise in diagnostic systems for rail transport.
The listed voestalpine Group is continuing to enhance its competence in railway systems technology. Both the know-how and the fixed assets of the research department of Baas B.V. in the Netherlands, Baas R&D, have been acquired in their entirety and will be integrated into the turnout technology segment of voestalpine’s Railway Systems Division.