Kineco Group announces strategic acquisition of Semvac A/S, Denmark under its Kineco Global Rail brand

Kineco acquired 100% equity stake in Semvac from Wabtec UK Holdings Ltd. through a group SPV, Kineco TrainTech Pvt. Ltd. in an all-cash transaction.This acquisition marks a strategic milestone for Kineco’s “Global Rail” brand and provides it with access to Semvac’s established European customer base. Likewise, it provides Semvac a gateway to the rapidly growing Indian rail market.

Founded in 1984 and headquartered in Odense Denmark, Semvac manufactures sanitation systems exclusively for the railway segment. Semvac has an international presence across 100+ projects serving international rail car builders and rail operators such as Alstom, Nedtrain, DB, SNCB and SNCF with an operational base of over 19,000 vacuum toilet systems installed worldwide. With strong capabilities across the product value chain, Semvac possesses a solid base of existing customers for which it supplies and maintains sanitation cabins and systems.

Commenting on this occasion, Mr. Shekhar Sardessai, the Founder of Kineco Group and its Chairman and Managing Director, said: “I am extremely delighted to have closed acquisition of Semvac- a valuable global brand with a product portfolio trusted by rail OEMs worldwide. Ever since the launch of our “Global Rail” brand at INNOTRANS international rail expo in Berlin in 2022, Kineco has been actively exploring opportunities to establish a local presence in European rail market. This acquisition is the first of many milestones planned as a part of our globalisation strategy for the rail business. With Semvac, we have not only acquired a company with an impressive 40-year pedigree in the rail industry, but also a team of extremely talented professionals with a deep expertise across technology, manufacturing and marketing domains. Kineco’s team will closely work with the Semvac management to further enhance Semvac’s brand positioning, competitiveness and global market reach by combining the strengths of both companies in terms of products, technologies, marketing and manufacturing. I am confident this integration will unlock significant new opportunities and create value for both companies. I wholeheartedly welcome the Semvac team into the Kineco family and extend my best wishes for a promising future together.”