Vossloh AG
 |
|
| Aktiengesellschaft | |
| Traded as | : VOS |
| Industry | Railway systems engineering |
| Founded | 1888 |
| Founder | Eduard Vossloh |
| Headquarters | Werdohl, Germany |
|
Key people
|
Hans M. Schabert (CEO and chairman of the management board), Heinz Hermann Thiele (Chairman of the supervisory board) |
| Products | Rail switches (points), fasteners; manufacture of diesel locomotives and suburban trains; electrical systems for light rail vehicles |
| Revenue | €1.351 billion (2010) |
| €152.1 million (2010) | |
| Profit | €97.5 million (2010) |
| Total assets | €1.406 billion (end 2010) |
| Total equity | €580.0 million (end 2010) |
|
Number of employees
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4,980 (average, 2010) |
| Website | www.vossloh.com |
Vossloh AG is a German transport technology manufacturer based in Werdohl in the state of North Rhine-Westphalia. The group has 4,700 employees (as of 2009), and generated sales of €1.2 billion, of which approximately 60% came from the rail infrastructure division, and the remainder from the motive power and components division. The company is included in the SDAX index.
The rail infrastructure division's key products are the devices (clamping terminals) for fastening the rail to the railway sleepers (railroad ties), railroad switches and switch controllers. The Motive Power Division and Components provides diesel-electric and diesel-hydraulic locomotives, metros, trams and electrical components for road and rail.
The main market for the group is Europe, with over three quarters of sales. In 2007 fifteen percent of sales were to the Americas, mainly North and Central America, one percent of sales to Oceania, and the remainder of sales were about equally divided between Africa, and the Near and Far East.
In 1883 Eduard Vossloh submitted a bid to the Royal Prussian Railway for the manufacture of spring washers for rail fasteners and was granted the commission. On 11 July 1888 the Eduard Vossloh Company was registered. Spring washers and other hardware items were manufactured at the family's blacksmiths shop. Through the early 1900s the company continued to grow, producing general hardware including decorative items and lampholders for electric lights.
In 1945 the facilities in Werdohl were destroyed by a bomb. Subsidiaries marketing lampholders which are located in Kaliningrad, Wroclaw and East Germany ceased to be part of the company due to the changes in political borders at that time.
In 1946 production of holders for fluorescent tubes was allowed to take place at a plant in Lüdenscheid, by 1962 an additional plant for lighting products had opened in Selm and the Vossloh works employed 1300 people, with 500 more employed in subsidiaries. In 1966 the company obtained a license to produce a new tension clamp rail fastening developed by Prof. Hermann Meier director of the Deutsche Bundesbahn.
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Wikipedia