The Swiss to take over Plastwag

Swiss company Schweiter Technologies is set to acquire Polish Mielec-based company Plastwag, Reuters informed. The transaction is due to be finalized at the end of March. The value of the transaction was not disclosed, however, press reports put it at CHF 10 million. Plastwag specializes in manufacturing equipment of composite material used in the rolling stock of passenger transport and freight: railway engines, electric multiple units, train cars, railbuses, trams and buses.