Westinghouse Air Brake Technologies (WAB) said Tuesday it signed a definitive agreement to acquire train connection systems provider Dellner Couplers for $960 million in cash, financed through cash on hand and short-term debt.

The acquisition is expected to contribute to an increase in adjusted earnings before interest and taxes margins, adjusted earnings per share in the first year of ownership, and return on invested capital (ROIC) over time, Wabtec said.

Dellner Couplers is expected to generate about $250 million of revenue in 2025, the company added.

Separately, private equity firm EQT said EQT VIII fund agreed to sell Dellner Couplers to Wabtec.