public stock company or Aktiengesellschaft (AG). At this time there were three company divisions : Vossloh-Werke GmbH (Werdohl) (railway components e.g. tension clamps), Vossloh-Schwabe GmbH (Urbach) (electrical lighting products and components), and Hansa Metallwarengesellschaft mbH Thiessen & Hager (decorative products, sunscreen products). The current listed company was founded in 1990. On June 13, 1990, the shares of Vossloh AG were listed on the Düsseldorf Stock Exchange for the first time. In the 1990s, the reunification of Germany resulted, and new markets in eastern Europe resulted in additional demand for its rail fastening products on the former Deutsche Reichsbahn and elsewhere. Hoesch Maschinenfabrik Deutschland GmbH and W. Hegenscheidt GmbH manufacturers of railway wheelset machining equipment were acquired in the mid 1990s. In 1997 the company was first listed on the MDAX. In 1998 railway switch manufacturing company VAE group was acquired by Voestalpine AG and Vossloh. However recession in the 1990s resulted in the sale of the non-'recession-resilient' decorative products division to Arquati S.p.A. of Italy in 1997. Under company CEO Burkhard Schuchmann Vossloh was re-orientated as a rail industry based company during and after the 1990s; In 2002 the lighting division was sold to Matsushita Electric Works, Ltd. of Osaka, Japan, and the company expanded into the rail industry market with a number of acquisitions: 1996: Rail related parts of the Deutsche System Technik GmbH company (traffic management and electronic information systems) are acquired after insolvency, forming Vossloh System-Technik GmbH 1998: The former Krupp Maschinenbau Kiel, then under Siemens' ownership as Siemens Schienenfahrzeugtechnik 1998: MAN Systemelektronik acquired and added to Vossloh System-Technik GmbH 2000: Vossloh and Angel Trains formed a locomotive leasing business - Locomotion Partners consisting of two companies: Locomotion capital Ltd. (90% owned by Angel trains, 10% Vossloh): a locomotive procurement, rental and management company initially headquartered in London. Locomotion Service GmbH (90% owned by Vossloh, 10% Angel trains): a locomotive servicing and modification company that would initially contract its work to Vossloh SFT in Kiel. The companies would not exclusively hire and service only Vossloh locomotives, and would act independently, depending on the circumstances.] In 2004 the 10% stake in Locomotion capital Ltd. was sold and the stake in Locomotion Service GmbH increased to 100%. 2001: A 55% stake in NovoSignal AB (Sweden), designers of electronic interlocking and process control systems 2001: (VAE systems acquires Transwerk Perway Pty. Ltd (South Africa), railroad switch manufacturer) 2002: Passenger information