E-Betoonelement's parent company Consolis and TowerBrook Capital Partners entered into a transaction for the sales of Rail division.
The agreement has already entered into force and the former Estonian company of the Consolis railway division Swetrak now belongs to the SATEBA Group, which specialises in European concrete sleepers and railway systems. Swetrak OÜ (Sateba Estonia) retains its legal name, however the company's logo will change.
SATEBA is a European leader in its field and supplies all major European railway networks. The company employs 1,000 people in ten countries and has annual revenue of 200 million euros.
"This transaction will allow Consolis to focus on its core business. We wish our colleagues success!" said Mikael Stöhr, CEO of Consolis..
Benoit Cattin-Martel, the CEO of SATEBA points out: "This is the beginning of a new adventure, driven by the commitment of our teams, our technological expertise and our close cooperation with all railway companies to advance our responsibility for sustainable development, passenger safety and growth."
The company was officially launched on Monday, April 12, 2021.