Titagarh Wagons acquire Arbel Fauvet Rail

Indian Wagon manufacturer Titagarh Wagons has acquired the assets and business of the troubled French Wagons and Rolling Stock manufacturing IGF Industries-Arbel Fauvet Rail (AFR) in a deal worth Euros 15 million.

The deal will provide Titagarh with an additional production capacity of up to 5000 wagons per year and is the company’s first overseas purchase. Titagarh says that it hopes the deal will initiate an expansion into European and global markets.
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