Consolis to sell its rail business to TowerBrook

December 03, 2020

Consolis, a European leader in precast construction solutions, today announced that it had received a binding offer for its Rail division from TowerBrook Capital Partners L.P. (“TowerBrook”), an international investment management firm co-headquartered in London and New York. The Rail business consists of a portfolio of brands that are leaders in their local markets, designing and manufacturing sleepers and other precast concrete products for railways for close to 100 years.

This project is subject to social dialogue with employees’ representatives, customary antitrust and regulatory approvals. Consolis will continue to operate the Rail business until completion of the transaction, which is expected in the course of H1 2021.

Mikael Stöhr, Chief Executive Officer of Consolis, said: “I believe this transaction would be a ‘win-win-win’ for our customers, co-workers and partners. The underlying industrial logic is to focus resources and talent to create substantial value for all stakeholders. Consolis will strengthen its focus on building solutions across Europe, along our side solutions for drainage and utilities, while the Rail division will be able to develop even further on its own merits.”

Benoît Cattin-Martel, who currently leads Consolis Rail business and is to be the CEO of this business under new ownership, said: “We believe we have the right teams and set of manufacturing facilities across 10 European countries to become the best-in-class concrete sleepers’ provider in our current geographies and beyond. As a pure player, we shall capture significant organic growth opportunities, as well as being ready for future acquisitions. We will keep on pushing innovation to serve our customers.”