Nordic Minesteel Technologies (NMT) announced the acquisition of all rolling stock assets and the related intellectual property rights of Schalker Eisenhütte Maschinenfabrik GmbH. The former’s German subsidiary, Schalke Locomotives GmbH, will obtain those assets. The acquisition, over the next few months, will enable NMT to combine German and Canadian innovation and expand its market, NMT reported. Many of the employees of Schalker Eisenhütte Maschinenfabrik GmbH transferred to NMT’s Schalke Locomotives GmbH.
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