As in previous business years, in the business year 2018/19, too, the fact that interest rates have been low since the financial crisis has continued to constrain the acquisition activities of the voestalpine Group, because the prices paid particularly by financial investors in this environment for acquisitions are not sufficiently viable, economically speaking, for an industrial investor such as voestalpine.
As a result, just one smaller acquisition was made in the business year 2018/19, specifically, in the Metal Engineering Division’s downstream business. Working through voestalpine VAE Apcarom SA, Romania, the Railway Systems business unit acquired a majority stake in Travertec S.R.L., which is headquartered in Buzau, Romania, and is specialized in the manufacture of concrete sleepers for turnouts and rail tracks.
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