Wabtec Acquisitions Expand Capabilities of its Transit Business
12 Novembro 2024 - 9:00AM
Business Wire
Additions of Fanox and Kompozitum to Provide
Long-Term Profitable Growth
Wabtec Corporation (NYSE: WAB) announced today a strategic
investment in its Transit Business with the acquisitions of Fanox
and Kompozitum. These additions position Wabtec’s business unit for
long-term profitable growth by expanding its capabilities, product
portfolio, and customer base.
“We are excited about bringing the capabilities of Fanox and
Kompozitum to our Transit Business,” said Pascal Schweitzer,
President Wabtec Transit. “These acquisitions align with our
strategy by bringing in technologies that are complementary to our
product portfolio, positioning the business for accelerated,
profitable revenue growth. It also enhances Wabtec’s mission to
provide our customers with next-generation solutions that improve
efficiency, performance, and reliability.”
The Fanox acquisition strengthens Wabtec’s existing capabilities
as a leader in the production of specialized relays for on-board
train operations and other industrial applications, expanding its
customer base and recurring revenue.
The addition of Kompozitum allows Wabtec to improve the
manufacturing efficiency, quality, and competitiveness of its
industry leading pantograph portfolio, while opening new markets
for its carbon and graphite solutions.
The two companies will join Wabtec as part of its Transit
Business. Wabtec is acquiring the two companies for a combined
$110-million cash transaction, financed through cash on hand and a
revolving credit facility. The company expects the acquisitions to
drive strong synergies, and to be immediately accretive to EPS
excluding transaction costs.
About Wabtec
Wabtec Corporation (NYSE: WAB) is a leading global provider of
equipment, systems, digital solutions and value-added services for
the freight and transit rail industries, as well as the mining,
marine and industrial markets. Wabtec has been at the forefront of
innovation in the rail industry for over 150 years and is committed
to developing sustainable solutions that move and improve the
world. Visit Wabtec’s website at www.wabteccorp.com.
About Fanox Electronic, S.L.
Fanox is a global leader in designing and manufacturing
protection relays and communication devices for Medium-Voltage (MV)
applications. Recognized for its expertise in self-powered relays
(SIA family), Fanox sets the standard for reliability and
innovation in the industry. For more information, visit:
www.fanox.com
About Kompozitum
Kompozitum is an innovative leader in the field of technical
machined carbon and graphite components with special metal or
resins impregnations, moving the limits in usability of
high-quality carbon or graphite materials. For more information,
visit: www.kompozitum.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241112995579/en/
Wabtec Media contact: Tim Bader +1 682-319-7925
tim.bader@wabtec.com Hélène Josselin (Transit) +33 (0)6 58 13 00 33
helene.Josselin@wabtec.com Wabtec Investor Contact Kyra
Yates +1 817-349-2735 kyra.yates@wabtec.com
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