Chesterfield headquartered rail infrastructure firm Direct Track Solutions Ltd (DTS) has been bought by Swiss firm Schwihag, with advice from Wake Smith Solicitors.
Schwihag, which was founded in 1971 in Tägerwilen, Switzerland, has over 50 years’ experience in the rail sector and is a longstanding supplier of unique and well-proven trackwork components and fastening systems globally.
Rebecca Robinson, director and head of the company commercial team at Wake Smith Solicitors advised Schwihag on the acquisition.
Direct Track Solutions Ltd will continue to trade under the DTS Brand, with the company structure and personnel remaining unchanged.
The acquisition of DTS last month supplements Schwihag’s manufacturing facilities in Doncaster; Leipzig, Germany and Grandview Missouri, USA, alongside its additional regional offices in Valencia, Spain and New Delhi, India.
The acquisition, for an undisclosed sum, is seen as a strategic addition to Schwihag’s UK portfolio, increasing the range of products and services offered to the market.
Schwihag exports to more than 50 countries from Australia to Canada with its core markets being in Europe.
Karl-H Schwiede, President of the Board of Schwihag Group, said: “We are excited to continue doing business with DTS and appreciate our continued partnership.
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