- Addition strengthens Wabtec’s Transit portfolio
- Drives innovation, productivity, safety and reliability for passenger rail
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.
Rafael Santana, President and CEO of Wabtec, said:
The addition of Dellner Couplers marks a major step forward in strengthening our Transit business and expanding our portfolio of offerings for this segment. 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.
Pascal Schweitzer, President of Wabtec Transit, said:
The strength of Dellner Couplers’ management team and industry-leading solutions will accelerate our growth strategy in the passenger rail market. 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.
Fredric Håkansson, Vice President Couplers Group, Wabtec Transit, said:
Dellner has joined Wabtec, creating new opportunities to deliver even greater value to our customers and partners through expanded capabilities, enhanced service and innovative solutions. Together, we’re better positioned to meet the evolving needs of the global rail industry.
This article was originally published by Dellner Couplers.