The Polish Development Fund (PFR) and PESA Bydgoszcz have signed an investment agreement under which the fund managed by PFR it will acquire nearly 100 percent of the company’s shares and will eventually invest PLN 300 million in it, representatives of PFR and PESA informed.
The investment in PESA entails changing the company’s market strategy, which assumes intensification of development on foreign markets and also to diversify the product offer in the area of railway, tram and service rolling stock.
PESA Bydgoszcz is a Polish manufacturer of almost all types of rail vehicles. Its vehicles are used in Poland, Italy, Germany, Russia, the Czech Republic, Hungary, Ukraine, Lithuania, Belarus and Kazakhstan. The company employs approx. 4,000 employees.
Source: wbj.pl