Lloyd Electric & Engineering acquires Noske-Kaeser's Rail & Vehicle global business

Also acquires 'Noske-Kaeser Rail & Vehicle' trademark

Lloyd Electric & Engineering announced that it has acquired the Rail & Vehicle business of Noske-Kaeser Group based in Germany, New Zealand, Australia, Brazil, and the United States. In additional to the above, the Company has also acquired the exclusive and world wide rights to use the trade mark 'Noske-Kaeser Rail & Vehicle' from Noske Kaeser Group. Total cash consideration is Euro 2,301,000 which includes an upfront payment of Euro 2,001,000 and an earn out of Euro 3,00,000 payable in the next year.

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