Beckers Announces Sale of Global Railway Coatings Business to KANSAI HELIOS
Beckers Group, a global coatings company, has reached an agreement to sell its railway coatings business to KANSAI HELIOS. The asset purchase agreement for the sale of the railway coatings business of Beckers’ company – Becker Industrie SAS, Montbrison, France, – was signed on December 9, 2022. After completion of closing conditions, KANSAI HELIOS will acquire all business assets of Becker Industrie SAS in the railway coatings segment. The transaction is expected to close in the first quarter of 2023. Beckers will continue to serve its railway customers in India and China.
Beckers says the transaction is an outcome of its transformation into a focused sustainable innovation-based company. It allows Beckers to increase efficiency, and reinvest into strategic core segments and new products. As a part of this transaction, KANSAI HELIOS will establish its first subsidiary in France – KANSAI HELIOS France SAS. With this acquisition, KANSAI HELIOS says it will further strengthen its position in the railway coatings sector in Europe and worldwide. After closing the process, KANSAI HELIOS France SAS will take over the relevant employees of Becker Industrie SAS in the railway coatings business, and add further resources in order to ensure continuity of service.