Indian business conglomerate PCM Group has signed an agreement to acquire German company Rail One in a bid to strengthen its expertise and network in railway infrastructure.
PCM Group’s businesses include engineering, information and communication, manufacturing, energy, media, steel, tea and consumer products. It has manufacturing facilities across six states in India as well as in Saudi Arabia, the UAE, Thailand and Bhutan.
Rail One is a 118-year-old German company that manufactures concrete railway sleepers and provides systems for railway tracks, high-speed lines, urban transit and heavy-duty railways. It has a presence in Germany, Hungary, Romania, Saudi Arabia, South Korea, Spain and Turkey.
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