JMT Industrie Holding: new group structure for Plasser & Theurer, Robel, Matisa, and Spen
posted on 7th Oct 2026 09:48
The Max-Theurer family is reorganizing its railway infrastructure businesses. The sub-groups Plasser & Theurer, Robel, Matisa, and Speno are being brought together under the umbrella of the joint holding company JMT Industrie Holding GmbH, domiciled in Austria. The four sub-groups expect to generate consolidated revenues of around 1.7 billion EUR in 2026 and employ around 7,900 people worldwide.
Four distinct brands, one clear structure
Until now, the companies have been held in separate corporate structures in Austria, Liechtenstein, and Switzerland. The reorganization will result in a uniform and clear group structure comprising four independently managed sub-groups under the umbrella of JMT Industrie Holding GmbH:
- Plasser & Theurer Group: The global technology leader for track construction and maintenance machines brings together all the international Plasser companies under the roof of Plasser & Theurer in Austria. The newly formed Plasser & Theurer Group expects to generate revenues of around 1.1 billion EUR and employs around 5,600 people worldwide, including 2,300 in Austria.
- Robel Group (Germany): A leading manufacturer of machines, systems, and services for the construction and maintenance of rail infrastructure, with growth areas in automation and rail treatment.
- Matisa (Switzerland): Decades of experience with highly specialized machines and heavy-duty machines for track construction and maintenance, with a strong market position, particularly in Europe.
- Speno International (Switzerland): One of the world’s leading specialists in rail grinding and rail care.
- Robel, Speno, and Matisa have been part of the owner family’s investment portfolio for decades and will continue to be run as independent companies. All four companies will retain their brands, management, sites, and customer relationships, and will continue to operate as independent sub-groups.
Plasser & Theurer is also repositioning itself
The reorganization of the entire group follows Plasser & Theurer’s successful turnaround: in 2025, the company achieved record revenue of 731 million EUR, EBIT of 41.4 million EUR and order intake of around 1 billion EUR. Plasser & Theurer’s order backlog is worth over 1.6 billion EUR. Plasser & Theurer, together with its subsidiaries worldwide, is now being consolidated into Plasser & Theurer Group GmbH (formerly Plasser & Theurer, Export von Bahnbaumaschinen, Gesellschaft m.b.H.).
Plasser & Theurer has production sites, workshops and branches on every continent. Linz remains the group’s largest production site. The new assembly and commissioning workshop being built there – representing an investment of over EUR 60 million – is the largest single investment in the company’s history and will create around 80 new jobs. The opening will take place on 16 October.
The group remains 100 % owned by the Max-Theurer family. There are no plans to sell, bring in investors, or pursue a stock market listing. For customers, suppliers, and employees, contracts and points of contact will remain the same. The steps required under company law to implement the new structure will be completed by the end of 2026.
