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-0.00010988407230362 0.000412065271139042 -0.000494478325366601 0.000727981979012261 -0.000906543596505643 8.57095763969358E-05 -0.00118125377726485 -0.00147739135212337
Stock impact report

Wabtec to acquire Sweden's Dellner Couplers for $960M [Yahoo! Finance]

Westinghouse Air Brake Technologies Corporation (WAB) 
Last westinghouse air brake technologies corporation earnings: 2/18 06:58 am Check Earnings Report
US:NYSE Investor Relations: wabtec.com/investors
Company Research Source: Yahoo! Finance
PITTSBURGH — Rail technology provider Wabtec ( NYSE: WAB ) will acquire Dellner Couplers, manufacturer of equipment and services for passenger rail rolling stock, in a $960 million deal, the companies announced Tuesday. Dellner , based in Sweden, has an 84-year history in train connection systems, with about 100,000 couplers and 12,500 gangways installed worldwide. It has production, assembly and aftermarket service facilities in 13 countries, employing more than 1,200 people and serving more than 200 customers. “Dellner Couplers provides significant synergies by complementing our core Transit systems portfolio, servicing a joint customer base, and leveraging our strong service capabilities,” Wabtec CEO Rafael Santana said in a press release . “This acquisition aligns very well with our stated growth strategies to accelerate the innovation of scalable technologies, expand high margin recurring revenues, and to drive improved operational performance.” The transaction is a cash a Show less Read more
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