Vossloh completes acquisition of LiDAR specialist Cordel for GBP 29 million
Reuters2026/08/14 08:00- Vossloh completed its acquisition of LiDAR rail-inspection specialist Cordel, marking the formal close of the deal on Thursday.
- Purchase price was about GBP 29 million, equivalent to roughly EUR 33 million.
- Transaction expands Vossloh’s digital condition-monitoring and predictive maintenance offering through Cordel’s train-mounted LiDAR and AI analytics.
- Cordel serves major rail operators across the UK, the Middle East, North America, and Australia.
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