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VAE Nortrak North America, Inc. acquires assets of Leading Edge Enterprises Inc.

Railway © ADVANTAGE AUSTRIA

© ADVANTAGE AUSTRIA

March 31, 2009

Effective immediately, Leading Edge's Decatur facility will operate under the VAE Nortrak banner.

VAE Nortrak North America Inc. , a wholly owned subsidiary of VAE GmbH, Austria - a company of the Austrian voestalpine Group - and North America's leading supplier of trackwork and track materials, announced today that it has acquired the assets of Leading Edge Enterprises Inc. of Decatur, Illinois.

Leading Edge has successfully leveraged engineering, design, and manufacturing expertise to become a respected provider of specialty components for the railway industry. Leading Edge’s success has been built upon an unparalleled reputation for the quick and effective development of tangible solutions to client problems. Its diverse product portfolio includes: injection molded plastic, custom fabrication, tooling, and cast ductile iron and Manganese steel.

For VAE Nortrak, this transaction is an important strategic step in strengthening its ability to serve North America’s freight and transit rail sectors. Leading Edge’s complementary product offering will enhance VAE Nortrak’s position as North America’s leading supplier of integrated trackwork solutions. The transaction also gives VAE Nortrak the ability to supply domestically produced railway and transit components from the heart of the U.S. Midwest.

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