We report high resolution polarized infrared studies of the quarter-filled spin ladder compound α ′ -NaV2O5 as a function of temperature (5 K≤ T ≤ 300 K). Numerous new modes were detected below the temperature Tc = 34 K of the phase transition into a charge ordered nonmagnetic state accompanied by a lattice dimerization. We analyse the Brillouin zone (BZ) folding due to lattice dimerization at Tc and show that some peculiarities of the low-temperature vibrational spectrum come from quadruplets folded from the BZ point ( ). We discuss an earlier interpretation of the 70, 107, and 133 cm −1 modes as magnetic bound states and propose the alternative interpretation as folded phonon modes strongly interacting with charge and spin excitations.