Polish Train Maker Enters Germany in State-Backed Takeover Push

Poland’s train manufacturer Pesa Bydgoszcz SA agreed to buy German competitor HeiterBlick GmbH, adding to a string of Polish takeovers in Europe’s biggest economy as local companies seek to capitalize on their neighbor’s slowdown.

Pesa will purchase 100% of the troubled tram maker for an undisclosed sum to strengthen its foothold in western Europe, according to Piotr Matczuk, head of state development fund PFR SA, which owns Pesa.