Nordic Minesteel Technologies Acquires High-Performance German Locomotive Assets

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FOR IMMEDIATE RELEASE

NORTH BAY, ONTARIO, December 10, 2018 – Nordic Minesteel Technologies Inc. (NMT), experts in horizontal and vertical solutions for mining, today announced the acquisition of all rolling stock assets of Schalker Eisenhütte Maschinenfabrik GmbH including all intellectual property rights. NMT’s German subsidiary, Schalke Locomotives GmbH, will continue with the 146 year old locomotive history of the brand SCHALKE. The acquisition, transitioning over the next few months, will enable NMT to combine German and Canadian innovation to the mining industry and expand its market to industrial and urban transportation.

“We have been integrating our equipment with Schalker Eisenhütte Maschinenfabrik GmbH since 2012, on projects from Sweden to Indonesia, and have been the North American representative for them since 2014. Acquiring SCHALKE assets will enhance NMT’s ability to provide a ‘one stop shop’ to our customers for reliable, continuous, automated rail haulage systems.” Richard DeRuiter, Vice President – Business Development, NMT.

In addition to the assets acquired, many of the employees of Schalker Eisenhütte Maschinenfabrik GmbH have been transferred to NMT’s Schalke Locomotives GmbH and will continue to work with SCHALKE’s legacy and reputation for quality workmanship in the locomotives they engineer and sell.

The experience gained from SCHALKE in manufacturing rail vehicles specifically designed for tough working conditions is also ideal for transferring to other industries, which leads SCHALKE to consistently expand it’s range of products to include multi purpose service locomotives for urban rail transportation systems, welding vehicles, rail grinding machines and platform vehicles.

For more information about Nordic Minesteel Technologies and its subsidiaries, please email sales@nordicminesteel.com