Greenbrier Europe, Astra Rail to merge
This merger will create an end-to-end, Europe-based freight railcar manufacturing, engineering and repair business.
The Greenbrier Cos., Inc., Lake Oswego, Ore., and Astra Rail Management GmbH, Romania, announced plans to merge to create Greenbrier-Astra Rail. This merger combines the operations of Greenbrier Europe and Astra Rail to create an end-to-end, Europe-based freight railcar manufacturing, engineering and repair business.
With principal operations in Poland and Romania and headquarters in the Netherlands, Greenbrier-Astra Rail will have nearly 4,000 employees and six production facilities across Europe.
The transaction will be completed June 1.