Wabtec Finalizes Acquisition of Dellner Couplers
Addition strengthens Wabtec’s Transit portfolio.
Wabtec Corporation (NYSE: WAB) announced today that it completed the acquisition of Dellner Couplers, a Sweden-based global leader in highly engineered safety-critical train connection systems and services for passenger rail rolling stock. This acquisition brings highly attractive and complementary technologies to Wabtec and positions the Company for accelerated, profitable growth, while strengthening its portfolio of mission-critical passenger rail systems.
“The addition of Dellner Couplers marks a major step forward in strengthening our Transit business and expanding our portfolio of offerings for this segment,” said Rafael Santana, President and CEO of Wabtec. “The combination of our expertise and global reach will enable us to deliver more innovative, reliable and sustainable solutions to the rail industry.”
Dellner Couplers brings an 85-year legacy of innovation in train connection systems, which positioned the company as an industry leader in manufacturing and servicing of couplers for the transit rail industry. It has a global installed base of approximately 100,000 couplers and 12,500 gangways. Dellner Couplers provides an extensive offering in train connection systems, with production, assembly and aftermarket services’ facilities in 13 countries serving over 200 customers.
“The strength of Dellner Couplers’ management team and industry-leading solutions will accelerate our growth strategy in the passenger rail market,” said Pascal Schweitzer, President of Wabtec Transit. “The addition of Dellner Couplers aligns with our long-term vision of driving innovation, productivity, safety and reliability for passenger rail on a global scale.”
About Dellner Couplers
Dellner Couplers is a global market leader focused on couplers and gangways for passenger rail rolling stock, with an over 80 year-long history of industry leadership. The company serves various major rolling stock OEMs, operators, and independent maintenance and repair providers worldwide. The company employs over 1,200 people throughout 17 offices worldwide and serves over 200 customers. Visit Dellner Coupler’s website at www.dellner.com.
www.wabteccorp.com
