On 15 February 2011 Schaltbau GmbH acquired the remaining 50% of the shares in Schaltbau North America Inc. The full consolidation is effective as from 1 January 2011? the company was previously accounted for in the Group Financial Statements using the equity method. With this transaction, Schaltbau GmbH has firmly established its position in the fastgrowing rail and industry markets of North America, where it will consistently continue to expand.
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