Vossloh

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Vossloh AG is a rail technology company based in Werdohl in the state of North Rhine-Westphalia, Germany. The SDAX-listed group achieved sales of around €930 million in 2016 and, as of 2017, had more than 4,000 employees. Vossloh can trace its origins back to the late 19th century and Edward Vossloh, a blacksmith who secured component manufacturing work for the Royal Prussian Railway in the 1880s. In the following decades, the company expanded into the production of general hardware, including decorative items and lampholders for electric lighting. The company has long been based at Werdohl, though this has not always been straightforward; the company’s facilities there were bombed during the latter half of the Second World War. Several subsidiary companies were lost following the conclusion of the conflict. However, Vossloh survived, launching production of fluorescent tube holders at a plant in Lüdenscheid in 1946. In 1967, it obtained a license to make a new tension clamp rail fastening. During the late 1980s, considerable reorganisation was undertaken, management outside of the Vossloh family was brought in, rival company Schwabe GmbH was acquired and, on 1 December 1989, Vossloh-Werke GmbH became a public stock company or Aktiengesellschaft (AG). By the twenty-first century, Vossloh had developed into a global market leader both for rail fasteners and switch systems; a series of acquisitions in the 1990s and 2000s had greatly bolstered its presence in the rail sector. In North America, Vossloh became the leading manufacturer of concrete railway ties. It has offered a globally unique grinding technology, so-called high-speed grinding, for track maintenance. Vossloh previously owned three business units for Electrical Systems, Locomotives, and Rail Vehicles; these were sold in 2015, 2020 and 2016 respectively. The brand name "Vossloh" is still used for several products that are not, or are no longer, related to...