The Salcef Group has invested €8.5 million to acquire 100% of the Bahnbau Nord Group and strengthen its presence on the German rail market.
The acquisition of Verwaltung und Beteiligung Nord GmbH, the main company of a German rail industry group, will be completed by May. This industrial group includes Bahnbau Nord GmbH, a railway construction and maintenance company based in Henstedt-Ulzburg.
Together other group companies, Bahnbau Nord is one of the best-known businesses in northern Germany. The Group, which employs around 100 employees, recorded average consolidated sales of around € 17 million in 2018-2020. The net financial position was approximately €2.7 million as of 31/12/2020.
This acquisition confirms Salcef’s successful growth strategy on foreign markets. In 2020, through its subsidiary Salcef Bau, the Salcef Group recorded revenues in Germany of € 24.3 million for track works and infrastructure projects largely commissioned by the rail network operator Deutsche Bahn.
As a result of Bahnbau Nord’s complementary activities, important synergies can be developed with Salcef Bau. The Salcef Group intends to strengthen its presence on a railway market characterized by impressive development projects, supported by the German government’s approval of over €86 billion in railway sector investments over the next 10 years.
Valeriano Salciccia, Salcef Group CEO states: “We are delighted to announce further growth in Europe’s largest rail market. The two founders, Mr. Wagner and Mr. Siepke, have also shown their belief in this venture by retaining top management roles in the acquired group and becoming part of the Salcef Group shareholders“.