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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.