Colas Rail closes acquisition of Hasselmann Group in Germany
As stipulated in an agreement signed on August 9, 2022, and following approval by the relevant competition authorities, on October 4 Colas Rail acquired a 100% stake in the family-owned Hasselmann Group, based in Thuringia, Germany, and specializing in the construction of railways and rail infrastructure.
The three companies that form the Hasselmann Group operate mainly on conventional rail lines in central Germany, from Hesse to Saxony, for Deutsche Bahn. The Hasselmann Group, which boasts nearly 300 employees, posted €70 million in revenue in 2021.
This acquisition enables Colas Rail to gain a foothold in the German market, thus confirming its external growth strategy targeting countries with stable economies and high investment potential in rail infrastructure.
