Wabtec Corp. has acquired a transit aftermarket parts business from GE Transportation. With annual sales of about $15 million, the business provides parts for propulsion and control systems for the passenger transit car aftermarket in North America. Wabtec expects the transaction to be accretive in the first year.
“This acquisition expands our transit aftermarket and service capabilities, with critical components related to propulsion and electronic controls,” said Albert J. Neupaver, Wabtec’s president/CEO. “Nearly 5,000 transit cars in North America contain these GE components, giving Wabtec the opportunity to expand our content on a substantial installed base of rolling stock as transit agencies overhaul and maintain their equipment.”
