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Škoda Group Establishes New Subsidiary Based in Vienna

Škoda Group Establishes New Subsidiary Based in Vienna
photo: Archive/Škoda Group Establishes New Subsidiary Based in Vienna
03 / 02 / 2023

Škoda Group has established a new subsidiary, Škoda Group Austria GmbH, based in Vienna. This company will take over 40 employees and part of the assets of Molinari Rail GmbH Austria on 1 February 2023. Škoda Group is significantly strengthening its position in the field of technical engineering and design with this move. The company is acquiring an experienced team that will work on both Group and in-house projects.

"Last year, our Group underwent 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 and strengthening of Škoda Group's position in Western European markets and fits in with our strategy. I am delighted that we have acquired a team of 40 highly experienced designers with this acquisition," says Mike Niebling, President of the Western Region of the Škoda Group, under whom the management of the Austrian subsidiary falls.

By taking over the employees and part of the assets of Molinari Rail GmbH Austria, which went into insolvency in November 2022, the Škoda Group gains two new locations. The head office of its Austrian subsidiary is in Vienna, and the branch office is in the Tyrolean town of Schwaz. 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 certainly 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 implement the contracts agreed upon at the time of signing," adds Andreas Maroschik, President of Rolling Stock Development at Škoda Group.

Source: Škoda Group