Wednesday, December 28, 2016

Wabtec acquires Workhorse Rail

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WABTEC announced on December 20 that it has acquired engineered freight car components supplier Workhorse Rail, United States.

Workhorse Rail has annual sales of about $US 35m and supplies freight wagon couplers, knuckles and related parts to a number of Class 1 railways and freight wagon manufacturers, particularly in North America.

“Workhorse Rail brings an excellent reputation, strong engineering capabilities and new products to our portfolio,” says Wabtec’s president and CEO, Mr Raymond T Betler. “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.”

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