Neumarkt, Germany, 9 March 2013 – With successful conclusion of search for an investor, RAIL.ONE Group has a strong new strategic shareholder. The new owner of the world’s leading manufacturer of concrete sleepers, as well as systems provider for railway tracks, is the Indian conglomerate PCM Group of Industries.
This successful acquisition by PCM Group is considered an exceptionally positive signal. The new intercontinental alliance will strengthen the positions of both companies on the global market for railway track systems. As Jochen Riepl, CEO of RAIL.ONE, emphasized: “We are happy that PCM Group, which has extensive experience in infrastructure, has acquired RAIL.ONE Group. Together we combine RAIL.ONE’s strengths of quality and reliability along with the broad long term vision PCM lives throughout in the entire railway infrastructure segment. These competencies will result in new business possibilities and international growth for the group.”
Kamal Kumar Mittal, Chairman of PCM Group of Industries, on behalf of the Indian shareholder, also eagerly looks forward to collaboration with the German company and stresses the potential of this partnership: “We are excited about this acquisition as it further strengthens our portfolio, expertise and network in Railway Infrastructure Worldwide. This is a giant step for PCM Group and this acquisition has made us world’s leading conglomerate in Railway Infrastructure. This is one of the major acquisition in Railway sector by an Indian company, making PCM Group as one of the world’s largest track systems and service providers.”
Profile of the PCM Group of Industries
PCM Group of Industries is one of the India’s leading business conglomerates. Founded by the Visionary Icon Late Punam Chand Mittal, in Hasimara, a small Village in North Bengal. The Group is in diverse areas of business including Engineering, Information and Communication, Manufacturing, Service, Energy, Media, Steel, Tea and Consumer Products. PCM Group also has plants and state of the art facilities in Kingdom of Saudi Arabia, UAE, Thailand and Bhutan. This Group is known for its Corporate Social Responsibility and has been engaged in many socio economic projects for the people. Group has been awarded with many prestigious awards for its CSR activities.
About the PCM RAIL.ONE Group
The PCM RAIL.ONE Group has been manufacturing concrete sleepers and track systems for urban transit and long-distance rail transportation for over 60 years. The technology leader also offers its expertise in the fields of engineering and plant construction. Its customer-driven innovations fulfill the highest quality standards and are installed around the world
The PCM RAIL.ONE Group is comprised of several companies and eleven production facilities with a presence in Germany, Romania, Saudi Arabia, Spain, South Korea, Hungary, Turkey, the United States, and India. It maintains annual capacities of over 5 million track sleepers and 750,000 linear meters of turnout sleepers.