From STEEL GRIPS online business news GMH Holding takes over MWL Brasil Jun 2, 2010 View of MWL Brasil site in Caçapava, São Paulo As of June 1st, 2010, Georgsmarienhütte Holding GmbH acquires MWL Brasil Rodas & Eixos Ltda. The company is based in Caçapava, São  Paulo, Brazil. In 2009, the sales volume earned by roughly 480 employees amounted to 147 million BRL (slightly more than 66 million Euro). The deal is approved by anti-trust authorities. The specialists for train wheels and axles focus the production of forged wheels, wheels sets and axles. The production covers electric steelworks, forging shops, heat treatment facilities, and manufacturing, incl. assembly shop. Production of train wheels at MWL´s With this acquisition GMH intends to extent their involvement in railway technology, which has, so far, been restricted to European countries.   The accession adds to the business unit railway technology of Georgsmarienhütte company group, which includes Bochumer Verein Verkehrstechnik GmbH, Radsatzfabrik Ilsenburg GmbH as well as Bahntechnik Brand Örbisdorf GmbH. Peter  van  Hüllen, CEO of Georgsmarienhütte Holding GmbH told STEEL GRIPS online: „MWL Brasil enables us to strengthen market access especially in The Americas, Asia and Africa. Simultaneously, it is possible to use all distribution channels existing in the BU railway technology to offer MWL´s products on the European market ... This corporate gain is a benefit for MWL Brasil brought about by the integration."      Georgsmarienhütte group comprises 50 companies in Germany, Austria and Belgium. Their 10000 employees earned a sales volume of 2.1 billion Euro in 2009. © Copyright 2007 by GRIPS media