May 1, 2013
Industrials and Industrial Technology
Alexander Grünwald, Dr Martin Kühner, Damian Stricker, Dominik Hemmig, Daniel Schreiber
GCA Altium acted as exclusive financial adviser to Cross Equity Partnerson its sale of Schwab Verkehrstechnik AG to Faiveley Transport S.A.
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. The company’s product portfolio includes various couplings with self-developed components for trains, metros and trams, buffers, draw gears for freight cars, passenger cars and special-purpose vehicles as well as coupling rods as alternative to diagonal shock absorbers.
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.