Acquiring Company
Vossloh Aktiengesellschaft
Acquired Company
Cordel Group PLC
North Rhine Westphalia
Greater LondonDescription
Vossloh Aktiengesellschaft has announced a firm intention to acquire the British company Cordel Group PLC. The acquisition, valued at approximately £29 million, aims to enhance Vossloh's digital capabilities in rail services. Cordel's innovative lidar technologies will complement Vossloh's existing offerings, enabling automated track inspections. The transaction is expected to complete in Q3 2026, pending shareholder and regulatory approvals.
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Based on deal dataFrequently asked
Who acquired Cordel Group PLC?
Cordel Group PLC was acquired by Vossloh Aktiengesellschaft, based in North Rhine Westphalia. The deal was reported on May 13, 2026. Vossloh Aktiengesellschaft is a specialized railway technology company. It focuses on developing and providing services and technologies for rail infrastructure. Vossloh Aktiengesellschaft is privately held.
When did Vossloh Aktiengesellschaft acquire Cordel Group PLC?
Vossloh Aktiengesellschaft's acquisition of Cordel Group PLC was reported on May 13, 2026. Vossloh Aktiengesellschaft has announced a firm intention to acquire the British company Cordel Group PLC. The acquisition, valued at approximately £29 million, aims to enhance Vossloh's digital capabilities in rail services. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Cordel Group PLC do?
Cordel Group PLC is a technology provider specializing in lidar solutions for the rail industry. The company offers advanced hardware and software for capturing and analyzing digital imagery and point clouds. It is privately held, and is based in Greater London.