Wabtec to buy Dellner Couplers from EQT for $960 million

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Wabtec to buy Dellner Couplers from EQT for $960 million

, Reuters - 7:51 AM ET 3/18/2025 mergers-and-acquisitions

March 18 (Reuters) - Wabtec said on Tuesday it has agreed to buy train coupler maker Dellner Couplers from private equity firm EQT for $960 million in cash, as the heavy industrial parts maker looks to strengthen its passenger rail business.

The deal, to be financed through cash on hand and short-term debt, is expected to boost Wabtec's high-margin recurring revenue and enhance its operational performance.

"Dellner Couplers provides significant synergies by complementing our core transit systems portfolio, servicing a joint customer base and leveraging our strong service capabilities," Wabtec CEO Rafael Santana said.

Sweden-based Dellner Couplers, which EQT acquired in 2019, makes train connection systems, with production, assembly and aftermarket services facilities in 13 countries.

Pittsburgh, Pennsylvania-based Wabtec - a provider of equipment, systems and aftermarket services for freight and transit rail industries - expects the deal to boost its adjusted profit in the first year of ownership. (Reporting by Kannaki Deka in Bengaluru; Editing by Shilpi Majumdar)

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