The first Spanish railways were for the Barcelona-Mataró line, dating back to 1843 and the Madrid-Aranjuez line which was built in 1844. The first underground was inuagurated in Madrid in 1919. The railway material industry in Spain, which came about at the same time as rail transport, encountered many difficulties in its beginning which were paliated by importing equipment from other countries. It was not until 1920 that the spanish industry embarked upor a renewal, investment and improvement plan to respond to the demands of railway companies. All of which brought us to Pinto, in Madrid, where Ignacio Fúster Otero founded various businesses that gradually evolved in the direction of the railway material industrial sector, helped along by his son, Nicolás Fúster and his next generation.
Over the following years the Fuster founded business expanded onto different railway fields e.g: brakes, HVAC, auxiliary power electronics and on board security and information systems. The companies that conducted these different activities were integrated on 1995 in the Albatros Corporation that started its international expansion in 1999 with the first opening of its affiliated company in the USA, followed by the expansion into Brazil and the UK.
The following years saw the largest growth on its sales, product portfolio and international presence that reached a peak of 120 million €.
The global crisis that hit the world economy on 2008 was specially strong in Spain and even more intensive on its railway sector. Albatros group suffered intensively and hat to go through a very large restructuring program that turned into a major refocusing and realignment of its business. After overcoming the major global crisis affecting the railway sector in the first decade of the 21st century, the German group Schaltbau AG became part of the shareholders in October 2014. In December 2015, after experiencing significant growth during the year, Schaltbau AG becomes the majority shareholder, integrating itself as a new division within the Schaltbau group.