Vossloh Expands Digital Capabilities with Cordel Acquisition

Vossloh AG has finalized the acquisition of Cordel, a company specializing in LiDAR technology, enhancing its digital service offerings. This acquisition, approved by a court and Cordel's shareholders, became effective this week. Cordel's LiDAR technology inspects railway tracks using laser equipment to create 3D environmental scans, enabling early detection of infrastructural issues. Clients include major rail operators across the UK, Middle East, North America, and Australia.

Vossloh's CEO, Oliver Schuster, stated that Cordel's technology complements the company's vision of predictive maintenance and reliable rail operations. Cordel's CEO, John Davis, sees this as a step towards enhancing rail infrastructure through innovation. The acquisition, valued at around €33 million, aligns with Vossloh's strategic plan to expand its digital reach, supported by a recent €250 million hybrid bond.