The company's history dates to 1894 and the establishment of a railway workshop for heavy repair of steam locomotives.

[5] In 2010 the company moved all its production to a new 40,000 m2 (430,000 sq ft) factory in the Vukomerec industrial area of Zagreb, constructed and equipped at a cost of 650 million kuna.

[10] From 2012 the company continued to manufacture rail vehicles, honouring existing agreements whilst under bankruptcy conditions.

[14] The market position of this company in recent decades is that it is the regional leader in design, production and maintenance.

The company once owned large plots of land near Zagreb's main station (130 thousand square meters), which were sold, and the factory was moved to a new one in Vukomerc.