Stadler Rail mulls takeovers as it unveils flotation plan

First Majestic Silver

19/03/2019 10:53

BUSSNANG, Switzerland, March 19 (Reuters) - Stadler Rail is
looking at potential acquisitions in the rail maintenance sector
to help accelerate growth, the Swiss company said on Tuesday as
it announced flotation plans.
    "There is potential to do some acquisitions. ..it is always
attractive to take over certain services," Chief Executive
Thomas Ahlburg told a news conference at the company's head
office. "There is good potential to see further growth in
services."
    The company, which unveiled plans to float within months,
said it has already secured orders worth 1 billion Swiss francs 
($1.00 billion) this year and planned to expand its workforce to
around 10,000 staff from 8,500 at present.  L8N2160RQ 
    ($1 = 0.9996 Swiss francs)

 (Reporting by John Revill; Editing by Michael Shields)
 ((John.Revill@thomsonreuters.com; +41 58306 7022; Reuters
Messaging: john.revill.thomsonreuters.com@reuters.net))