Cross verkauft Schwab Verkehrstechnik AG an Faiveley Transport SA

By on Mai 17, 2013
  • Cross has spent the past few years developing Schwab into Europe’s leading provider of shock absorption systems in the rolling stock industry
  • Schwab has been transformed from a family business into a strong, internationally successful Swiss corporate
  • The transaction is consistent with the industrial mission of Cross to support sustainable and profitable growth and internationalization
  • New owner Faiveley is a globally active provider of rail systems and rail services

Swiss private equity company Cross has sold its majority stake in Schwab to Faiveley. Schwab, headquartered in Schaffhausen, is a leading pan-European provider of shock absorption systems to the high-growth rolling stock industry.
In January 2009, Cross acquired the business as part of its succession arrangements. Working with Schwab’s management and Board of Directors, Cross has helped expand the company’s already strong market position, achieving a significant increase in turnover, profitability and headcount.
Schwab specializes in the development, assembly and pan-European marketing of buffers and couplers for goods and passenger rolling stock. With customers including rail operators Swiss Federal Railways (SBB), Deutsche Bahn AG, ÖBB (Austria) and NMBS/SNCB (Belgium), it is one of Europe’s leading providers.
Schwab’s new owner is Faiveley, a listed global provider of rail systems and services headquartered in Gennevilliers in Paris. Faiveley operates four divisions – Brakes & Safety, Access & Information, Energy & Comfort and Services – and last year generated turnover totalling EUR 988 million with more than 6,000 staff in 24 countries.
Markus Reich, managing partner of Cross Equity Partners AG: „Working with Schwab’s management and Board of Directors, we have improved Schwab’s profitability and fulfilled our industrial mission. We are delighted to have found in Faiveley our ideal partner, and are confident that as part of the Faiveley group, Schwab is ideally placed to pursue its growth strategy.“
Dr. Michael Petersen, managing partner of Cross Equity Partners AG: „As a leading pan-European business, Schwab’s logical next step is to take its successful products into new and emerging markets in the global arena, such as China, Brazil, India and Russia, with Faiveley as a strong partner.“
Elio Tommasini, CEO of Schwab Verkehrstechnik AG: „Schwab has enhanced its market position significantly in the last four years and developed major new products. We are looking forward to embarking on the next phase of our company’s development with Faiveley.“

About Schwab
Schwab Verkehrstechnik AG, formerly Georg Fischer Verkehrstechnik AG, is an engineering company supplying shock absorption systems to the high-growth rolling stock industry. With a significant share of the buffers market, Schwab is number two in Europe. Its customers include rail operators Swiss Federal Railways (SBB), Deutsche Bahn AG, ÖBB (Austria) and NMBS/SNCB (Belgium), as well as rolling stock manufacturers and leasers. As a specialist niche player and technology leader in the couplers business, Schwab offers a range of solutions that are deployed as standard in Switzerland and other European countries. Schwab’s automatic couplers are used, for example, in Swiss regional trains (including SBB traction vehicles), Thurbo regional trains, and the Cobra tram in Zurich.

About Cross
Cross is a Swiss private equity firm with the mission to support the sustainable development of midsized companies in Switzerland, Germany and Austria through equity, industrial expertise and an extensive relationship network – amongst others in the context of succession of family-owned businesses and corporate spin-offs. Cross invests in leading and profitable mid-sized companies with an entrepreneurial management in fast-growing industries such as engineering, machinery, industrial products and services. As a long-term investor, Cross supports sustainable profitable growth.
The independent Cross fund is exclusively advised by Cross Equity Partners AG, Zurich. The Cross team has several decades of private equity and industrial experience. To date, it has successfully invested in approximately 25 companies in Switzerland, Germany and Austria. Its current portfolio includes investments in Spirella, Europe’s leading provider of lifestyle products for private bathrooms, and Micromacinazione, Europe’s leading provider of micronization technologies and services for the pharmaceutical and fine chemicals industry.

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