Hungarian State Railways (MÁV) has moved to acquire the Dunakeszi Vasútgépész Járműjavító és Járműgyártó (DVJJ) vehicle repair and manufacturing plant.
In October 2024, the Budapest Court ordered the liquidation of Dunakeszi Vehicle Repair and its managing group Ganz-MaVag, both part of the Magyar Vagon holding. According to Hungarian media, the companies had combined debts of HUF 50 bln (€129.5 mln), while their total assets were valued at only HUF 10 bln (€25.9 mln).
Following the liquidation ruling, the Hungarian government took control of the site, establishing two new legal entities: DVJJ, which assumed ownership of the Dunakeszi facility, and DVV, replacing Ganz-MaVag. As a result, MÁV’s current acquisition involves only the assets, free of outstanding liabilities.
The Dunakeszi plant ceased operations in September 2025. Prior to that, it had undertaken heavy maintenance contracts for MÁV’s passenger rolling stock. Local reports indicate that MÁV has since had to send vehicles to Slovakia for overhaul, while all plant employees have continued to receive wages under a special government decree.
Financial difficulties at Dunakeszi began in 2022, when ownership was transferred from TMH to Ganz-MaVag amid sanctions-related challenges. The plant continued fulfilling the 2018 contract to supply passenger coaches to Egypt, incurring substantial losses. Historically, MÁV owned the Dunakeszi plant from 1926 until 1996, when it was sold to Adtranz (later Bombardier) before eventually returning to state ownership.
