Paris, 27 September 2019 – Jeantet advised the Chinese group CRRC ZELC, a subsidiary of China Railway Rolling Stock Corporation ltd (CRRC), in connection with the acquisition of the railway business of the German railway infrastructure group VOSSLOH AG.

The value of this transaction “still have to be adjusted at the balance sheet date, depending on the results on the development of various balance sheet positions, and should amount of less than one million euros.”
 
Vossloh Locomotives, based in Kiel, Germany, is one of the world's leading suppliers of railway technology and offers its customers integrated solutions for switch and railway construction.
 
The Chinese CRRC ZELC group, founded in 1936, subsidiary of CRRC, is the world leader in the manufacture of rolling stock with a turnover of 26 billion euros in 2017, this acquisition represents an opportunity to enter the European market and comply with European approval procedures, in order to facilitate the award of tenders for locomotives or wagons in Europe.
 
Jeantet’s team included: Karl Hepp de Sevelinges Partner, Michael Samol Counsel and
Ruben Koslar (Corporate/M&A), and Perrine Fuchs (Commercial)