Škoda Group has established a new subsidiary, Škoda Group Austria GmbH, based in Vienna.
This company took over 40 employees and part of the assets of Molinari Rail GmbH Austria on 1 February 2023. With this move, Škoda Group is significantly strengthening its position in the field of technical engineering and design. The group is gaining an experienced team that will work on both group and own projects.
“Last year, our group started significant changes to its organisational structure to expand into new markets and broaden its portfolio. This new acquisition is a clear demonstration of our work to strengthen the position of Škoda Group in Western European markets and fits in with our strategy. I am delighted that we have gained a team of 40 highly experienced designers with this acquisition.”
By taking over the employees and part of the assets of Molinari Rail GmbH Austria, which went into insolvency in November 2022, Škoda Group gains two new locations. The head office of its Austrian subsidiary is in Vienna and the branch office is in Schwaz, Tyrol. The new subsidiary will have a great deal of autonomy in terms of its business and expertise but will also participate in the activities of the entire group.
“We are looking forward to working with our new colleagues, who will certainly bring new thoughts and ideas thanks to their know-how. They will be challenged by the fact that they will be working on projects within the group as well as on projects they have already developed for their other customers. Our aim is also to work on contracts that were in negotiation stage at the time of acquisition.”
This article was originally published by Škoda Group.
