Nordic Minesteel Technologies acquires German locomotive assets
Nordic Minesteel Technologies of North Bay (NMT) has acquired all of all rolling stock assets of Schalker Eisenhütte Maschinenfabrik, including all intellectual property rights. NMT’s German subsidiary, Schalke Locomotives, will continue with the 146 year old locomotive history of the SCHALKE brand. The acquisition will enable NMT to offer German and Canadian innovation to the mining industry and expand its market to industrial and urban transportation.
“We have been integrating our equipment with Schalker Eisenhütte Maschinenfabrik since 2012 on projects from Sweden to Indonesia, and have been the North American representative for them since 2014. Acquiring SCHALKE assets will enhance NMT’s ability to provide a ‘one stop shop’ service to our customers for reliable, continuous, automated rail haulage systems,” said Richard DeRuiter, vice-president, business development, NMT.