Vossloh completes takeover of LiDAR specialist Cordel

Vossloh has completed its takeover of LiDAR specialist Cordel: after court approval and the earlier consent of Cordel's shareholders, the transaction has been deemed closed since 13 August 2026. Cordel uses train-mounted laser scanners to create 3D scans that AI analyses to spot problems such as uneven ballast or obstacles along the line early, and its customers are rail operators in the UK, the Middle East, North America and Australia. Vossloh paid about GBP 29 million (roughly EUR 33 million) and is funding its digital expansion partly through a EUR 250 million hybrid bond issued early this year; the article does not say when the original offer was made, and the date is the closing day. (LOK Report, 14 Aug 2026)