Schaltbau Holding AG increases shareholding in Albatros S.L. to 40 per cent

Schaltbau Holding AG increases shareholding in Albatros S.L. to 40 per cent

At today–s meeting, the Executive Board and the Supervisory Board of Schaltbau Holding AG took the decision to raise Schaltbau–s shareholding in the Spanish company Albatros S.L. from 5.6% to 40% without delay, as previously announced in April. Based in Madrid, Albatros S.L. develops and distributes high-voltage power converters for railway vehicles as well as systems for on-board information and communication. Its products include passenger information and safety systems as well as multifunc