29 October 2018 y.

TMH Africa officially acquires 45 000 sqm rail manufacturing facility in South Africa

Transmashholding today announced the closing of the sales deal with DCD Group Pty Ltd, granting TMH Africa full acquisition rights of a 45 000 sqm DCD Rolling Stock in Boksburg, South Africa.

TMH Africa is a subsidiary of Transmashholding (TMH), the largest manufacturer of rolling stock in Russia and it is 30% owned by the Black Economic Empowerment Partner, MJISA.

With the acquisition of the rail manufacturing facility, TMH Africa and its partner MJISA will contribute towards South Africa’s inclusive economy through job creation and skills development in line with South Africa’s National Development Plan’s key priorities.

The rolling stock manufacturing facility will become Africa’s gateway production site, which will enable the assembling, maintenance and refurbishment of rolling stock. TMH Africa’s capable workforce will continue delivering innovative diesel and electric locomotives as well as coaches in South Africa and the rest of the continent.

Martin Vaujour, TMH International AG Chief Executive Officer: “We are very proud of closing this deal. This is a major milestone in our investment strategy to create local champions in our markets. Boksburg becomes the TMH Group narrow gauge industrial site, and we are looking forward to serving customers worldwide from our African setup for both services and sub-assembly manufacturing”.

Jerome Boyet, CEO for TMH Africa: “This newly acquired renowned world class manufacturing facility demonstrates our Africa growth strategy, giving TMH an unparalleled position in the railway sector. Combined with TMH full suite of innovative technologies, this facility will be the home of African produced and African designed rolling stock solutions. The acquisition will unlock our global expansion strategy, which will pave the way to capture further growth opportunities in South Africa, Africa and worldwide narrow gauge markets”.