Westinghouse Air Brake Technologies : 12/20/2016 Wabtec Acquires Workhorse Rail, A Supplier Of Engineered Freight Car Components
December 20, 2016 at 09:59 am
Share
WILMERDING, PA, December 20, 2016 - Wabtec Corporation (NYSE: WAB) has acquired Workhorse Rail LLC, a supplier of engineered freight car components, mainly for the aftermarket. The company has annual sales of about $35 million.
Workhorse Rail supplies freight car couplers, knuckles and related parts to a variety of Class I railroads and freight car manufacturers. The company offers a variety of product designs and sells primarily in the North American aftermarket.
Raymond T. Betler, Wabtec's president and chief executive officer, said: 'Workhorse Rail brings an excellent reputation, strong engineering capabilities and new products to our portfolio. In addition, we believe Wabtec's geographic presence and aftermarket footprint will provide opportunities to expand Workhorse Rail's customer base in North America and globally.'
Wabtec Corporation is a leading global provider of equipment, systems and value-added services for transit and freight rail. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services. The company has facilities located throughout the world.
Wabtec Corporation published this content on 20 December 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 December 2016 14:58:04 UTC.
Original documenthttps://www.wabtec.com/press-releases/7463/wabtec-acquires-workhorse-rail-supplier-engineered-freight-car-components
Public permalinkhttp://www.publicnow.com/view/32D3452D0C81A8359415A4111FE61FD6F28215B0
Westinghouse Air Brake Technologies Corporation is one of the world's leading suppliers of value-added technological equipment, systems and services for the transportation sector. The activity is aorganized primarily around 4 families of products and services:
- electronics and special products: including electronic positive train control and pneumatic braking systems, event recorders, monitoring equipment, couplings, gears, couplers, air compressors and heat exchangers;
- transit products: heating, ventilation and air conditioning equipment, doors for buses and metro cars, pantographs, window assemblies, couplers, traction motors, etc.;
- brake components and friction products;
- refurbishment, overhaul and construction services: suburban locomotive construction and switching, overhaul and refurbishment of buses, subway cars and locomotives.
Net sales per market are divided between rail freight transport (71.9%), bus, metro and high-speed train transport (28.1%).
Net sales are distributed geographically as follows: the United States (47%), North America (9.1%), Europe (17%), South America (3.6%), Africa (1.1%) and other (22.2%).