MAPNA Group Officially Acquires Wagon Pars Company

MAPNA Group has officially acquired Wagon Pars rolling stock manufacturing company and its subsidiaries.
 
The official signing ceremony took place on Wednesday, December 16, 2020. The Industrial Development & Renovation Organization of Iran (IDRO Group) was the previous owner of the company.
 
Established in 1974, Wagon Pars is the largest manufacturer of rail fleet in Iran and the Middle East. The company has manufactured locomotives under the license of Alstom and Siemens, as well as other well-known brands including Germany’s SGP, Serbia’s Goša FOM, and China’s CRC.
 
Acquisition of Wagon Pars is in line with MAPNA Group’s strategy to expand and diversify its products and services in the rail sector and play a stronger role in Iran’s rail sector megaprojects.