Colas: buys all of Hasselmann group's shares

(CercleFinance.com) - Yesterday evening Colas Rail announced that it has signed a contract to acquire 100% of the shares of the German group Hasselmann, a specialist in the construction of railway tracks and infrastructure.


This transaction will enable Colas Rail to gain a foothold in the German market, in line with its external growth strategy.

The Hasselmann Group consists of three companies: Hasselmann GmbH (rail infrastructure), NTG GmbH (rail track) and LGM Logistik GmbH (rail safety).

It currently employs around 300 people and reported sales of 70 million euros in 2021.

The transaction is expected to close in Q4 2022.



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