CAF completes Solaris acquisition
CAF: Spanish group CAF completed its acquisition of 100% of the shares of Polish company Solaris Bus & Coach on September 4. CAF has also entered into an agreement for Poland’s PFR investment fund to acquire a 35% stake in Solaris on the same terms and conditions.
'CAF’s investment in Solaris confirms our commitment to the vision of profitable growth and opens new strategic markets', said CAF President & CEO Andrés Arizkorreta. 'Together with Solaris, we will create a leader in urban mobility solutions beyond rolling stock, particularly in the e-mobility segment.
‘We want to continue using and to develop Solaris’ valuable brand and to keep its Polish character. The combination of both companies’ know-how in production, design, technology and services, together with the track record of Solaris in bus product innovation, will allow us to better serve our clients while creating shareholder value.'