Rail technology and equipment provider Wabtec plans to acquire Super Metal, a provider of automated vehicles and equipment solutions headquartered in Brazil.
Pittsburgh-based Wabtec (NYSE: WAB) says the acquisition will complement a March 2021 acquisition of maintenance-of-way (MOW) maker Nordco and help expand its presence in international markets. Wabtec describes Super Metal as one of the leading companies in Brazil in the field of MOW equipment.
Wabtec has not disclosed the financial terms of the acquisition. The company also already has a freight rail manufacturing facility in Contagem, Brazil.
“Super Metal’s track maintenance solutions and equipment show synergies with Wabtec’s portfolio of services,” said Danilo Miyasato, Wabtec’s president and regional general manager in Latin America, in a press release. “The combination of these solutions will expand our maintenance portfolio and offer our customers greater safety, productivity and reduced operating costs.”
Super Metal’s products include track and sleeper maintenance vehicles and rail vehicle transporters.
“This agreement underscores the lifelong work of an entire family and strengthens Super Metal’s capacity to bring innovative solutions to the market,” said Super Metal President Bernardo Zeferino.
“We are excited about this new chapter as a Wabtec company.”
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