Wabtec Acquires Super Metal to Grow Its Railway Maintenance Portfolio
Summary
PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB), a leading global supplier for freight and transit rail, announced today a definitive agreement to acquire Super Metal, a supplier of automated vehicles and equipment solutions that support rail operations. “The combination of these solutions will enhance our maintenance portfolio and offer our customers increased safety, productivity, and reduced operating costs.” Bernardo Zeferino, President of Super Metal added, “This deal highlights a lifetime of work from an entire family and boosts the Super Metals capacity to deliver innovative solutions to the market. Their differentiated road to rail solutions will accelerate our international growth in key regions such as Latin America, Asia, and Africa,” said Pascal Schweitzer, Group President of Wabtec’s Global Freight Services. With Super Metal located in Governador Valadares city in Minas Gerais, Brazil, this acquisition provides Wabtec a robust rail maintenance portfolio in South America. Wabtec Corporation (NYSE: WAB) is focused on creating transportation solutions that move and improve the world.
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