お知らせ • Aug 14
Vossloh AG (XTRA:VOS) completed the acquisition of Cordel Group Plc (AIM:CRDL). Vossloh AG (XTRA:VOS) reached an agreement to acquire Cordel Group Plc (AIM:CRDL) for £28.5 million on May 13, 2026. A cash consideration valued at £0.124 per share will be paid by Vossloh AG. The cash consideration payable by Vossloh under the terms of the acquisition will be funded from existing cash resources.
The transaction is subject to subject to court approval, approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by target shareholders and third party approval needed. The Cordel directors intend unanimously to recommend that Cordel shareholders vote in favour of the scheme at the court meeting and the resolutions to be proposed at the general Meeting. The expected completion of the transaction is July 1, 2026 to September 30, 2026. As of July 9, 2026, the Secretary of State notified Vossloh that no further action will be taken in relation to the Acquisition under the National Security and Investment Act 2021. Accordingly, Condition 3 (as set out in Part A of Part III of the Scheme Document) has now been satisfied. As of July 24, 2026, the effective date of transaction is on August 13, 2026 and cancellation of admission to AIM of Cordel Shares is on August 14, 2026. As of August 13, 2026 the deal has been approved by the court.
James Dance and Richard Johnson of Strand Hanson Limited acted as financial advisor for Cordel Group Plc. Strand Hanson Limited acted as fairness opinion providerfor Cordel Group Plc. Sam Cann and Lara Ashmore of Peel Hunt LLP acted as financial advisor for Vossloh AG. Meredith Bayley, Michael Black, Philipp Puetz, David Mendel, Emily Szasz, Giles Pratt and Tom McGrath of Freshfields LLP acted as legal advisor for Vossloh AG. Bird & Bird LLP acted as legal advisor for Cordel Group Plc. Lazard & Co. GmbH acted as financial advisor to Vossloh AG.
Vossloh AG (XTRA:VOS) completed the acquisition of Cordel Group Plc (AIM:CRDL) on August 13, 2026.
As the Scheme has now become Effective, with effect from today's date all the non-executive directors Cordel, namely Ian Buddery, Jonathan Macleod, Jeffrey Songer and Thouraya Walker have resigned from the board of Cordel. Reported Earnings • Jul 24
Second quarter 2026 earnings released: EPS: €0.72 (vs €1.25 in 2Q 2025) Second quarter 2026 results: EPS: €0.72 (down from €1.25 in 2Q 2025). Revenue: €395.6m (up 19% from 2Q 2025). Net income: €17.3m (down 28% from 2Q 2025). Profit margin: 4.4% (down from 7.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. お知らせ • Jul 14
Vossloh Ag Adjust Earnings Guidance for the Fiscal Year 2026 Vossloh AG adjusted earnings guidance for the Fiscal Year 2026. For the year, the company expects sales revenues for the current fiscal year to be in a range between €1,510 million and €1,610 million (previous year: €1,343.2 million). Previously, the Company had anticipated sales revenues of between €1,560 million and €1,660 million. The Executive Board now expects EBIT of between €100 million and €110 million (previous year: €111.9 million). New Risk • Jun 04
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.3% Last year net profit margin: 5.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (57% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.3% net profit margin). お知らせ • May 15
Vossloh AG (XTRA:VOS) reached an agreement to acquire Cordel Group Plc (AIM:CRDL) for £26.9 million. Vossloh AG (XTRA:VOS) reached an agreement to acquire Cordel Group Plc (AIM:CRDL) for £26.9 million on May 13, 2026. A cash consideration valued at £0.124 per share will be paid by Vossloh AG. As part of consideration, £26.9 million is paid towards common equity of Cordel Group Plc. The cash consideration payable by Vossloh under the terms of the acquisition will be funded from existing cash resources.
The transaction is subject to subject to court approval, approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by target shareholders and third party approval needed. The Cordel directors intend unanimously to recommend that Cordel shareholders vote in favour of the scheme at the court meeting and the resolutions to be proposed at the general Meeting. The expected completion of the transaction is July 1, 2026 to September 30, 2026.
James Dance and Richard Johnson of Strand Hanson Limited acted as financial advisor for Cordel Group Plc. Sam Cann and Lara Ashmore of Peel Hunt LLP acted as financial advisor for Vossloh AG. Freshfields LLP acted as legal advisor for Vossloh AG. Bird & Bird LLP acted as legal advisor for Cordel Group Plc. Lazard & Co. GmbH acted as financial advisor to Vossloh AG. お知らせ • Mar 26
Vossloh AG, Annual General Meeting, May 06, 2026 Vossloh AG, Annual General Meeting, May 06, 2026, at 10:00 W. Europe Standard Time. 
