PresseBox
Pressemitteilung BoxID: 338250 (Schaltbau GmbH)
  • Schaltbau GmbH
  • Hollerithstraße 5
  • 81829 München
  • http://www.schaltbau-gmbh.de
  • Ansprechpartner
  • Wolfdieter Bloch
  • +49 (89) 93005-209

Schaltbau Group expanding in the USA

(PresseBox) (Munich / Kassel, ) The Bode Group is strengthening its presence on the growing North American market for door systems by repurchasing Bode Corporation, which is based in Spartanburg, South Carolina, USA, and thus resolutely pursuing the Schaltbau Group's declared longterm strategy of expansion. In global business activities with train doors and increasingly with bus doors, the international orientation of suppliers is continually gaining in significance. The only way to flexibly fulfil the requirements of customers and simultaneously heed the call for socalled local content is to invest locally. With the reacquisition of Bode Corporation, the Schaltbau Group can now benefit from working within familiar, existing structures in order to successfully tap the key potential the North American market has to offer.

Bode Corporation recorded sales revenue of approximately US$ 2 million in 2009 and most recently employed a workforce of 18 people. The acquisition took economic effect as of 1 January 2010. The parties agreed not to disclose the purchase price. Gebr. Bode GmbH & Co. KG, of Kassel, Germany, a wholly owned subsidiary of Schaltbau Holding AG, repurchased its 67% share in Bode Corporation, USA via its subsidiary Gebr. Bode & Co. BeteiligungsGmbH and thus takes over industrial leadership of the company with immediate effect.

With annual sales of € 270 million and a workforce of around 1,600 employees, the Schaltbau Group is one of the leading suppliers of components and systems in the field of transportation technology. It supplies complete level crossing systems, door systems for buses and trains, industrial braking systems for container cranes and also power supply units as well as highand lowvoltage components for railway vehicles. Its innovative and futureoriented products make Schaltbau a key business partner in the fields of transportation technology and industry.