Chinese company CRRC can acquire Vossloh’s shunter division* The Bundeskartellamt has today cleared the acquisition of Vossloh Locomotives GmbH, Kiel, by CRRC Zhuzhou Locomotives Co., Ltd., Zhuzhou (People’s Republic of China). Andreas Mundt, President of the Bundeskartellamt: “In the present CRRC/Vossloh Locomotives merger case we very thoroughly examined all the particularities associated with the acquisition of a European company by a Chinese state-owned company. By acquiring Vossloh, CRRC takes over a key manufacturer of shunters in Europe. Possible state subsidies, the availability of technical and financial means and strategic
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The German Competition Authority clears acquisition of key European shunter manufacturer by Chinese state-owned manufacturer of railway vehicles because the target company’s competitiveness has been decreasing for years (Vossloh Locomotives / CRRC Zhuzhou Locomotives)
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