Rail

Wabtec acquires Xorail for $40M

Posted on March 16, 2010

Wilmerding, Pa.-based Wabtec Corp. acquired Xorail LLC, a provider of signal engineering and design services, for $40 million in cash. The company is based in Jacksonville, Fla., and has annual sales of about $40 million.

 

Xorail provides a variety of engineering, design and construction services, mainly for railway signaling systems. These services include design solutions for wayside signaling; positive train control systems and highway grade crossing warning systems; site surveys; systems integration; and field construction and installation of wayside equipment. Xorail’s customers include Class I railroads and passenger transit authorities in North America.

 

The company was founded in 1990 as Southwest Signal Engineering Company, and now has 10 satellite offices throughout North America with approximately 275 employees. Kash Krishnarao, president of Xorail, will remain with the company.

 

Wabtec Corp. is a global provider of value-added, technology-based products and services for the rail industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives and provides aftermarket services.

View comments or post a comment on this story. (0 Comments)

More News

Alstom to provide Amtrak with new generation, high-speed train

Will run on the Northeast Corridor. Amtrak and Alstom also signed a long-term contract under which Alstom will provide Amtrak with long-term technical support and supply spare components and parts for the maintenance of the new trainsets.

Metra receives final Electric Highliners

Completes 2010's 160-car purchase to outfit the line with a completely new and modern fleet.

Amtrak's microgrid to serve as backup during power outages

In the aftermath of the 2012 Superstorm Sandy, half of the Sunnyside Yard had to rely on portable backup generators for a month due to a damaged transmission line.

Detroit's M-1 begins testing streetcar line

The slow-moving "speeder" vehicle will travel the rail line as part of a testing regimen that ensures the route is free of obstructions.

Honolulu's rail executive director/CEO resigns

Dan Grabauskas will be paid the final year of contract as part of the separation agreement, a total of $282,250. The board appointed HART board member Mike Formby as acting CEO, effective immediately.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close