On 20^th December, Faiveley Transport, a company controlled by Faiveley SA and Sagard, completed the acquisition of 50% of Shi Jia Zhuang Jia Xiang Precision Machinery Co. Ltd., based in the Hebei Province, 250 KM South West of Pekin.

 

This company, founded in 2001, is specialised in the development and production of  compressors for the railway market. Its sales reached €7 Million in 2006. With over 70 employees, they hold a significant domestic market share in the metro, EMU and locomotive markets.

 

This acquisition will enable Faiveley Transport to benefit from engineering and development expertise and a recently developed state of the art range of products. Faiveley Transport will benefit from competitive production costs and increase its research and development capacity.

 

Shi Jia Zhuang Jia Xiang Precision Machinery Co. Ltd will benefit from Faiveley Transport’s global presence to conquer new markets.