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Wabtec acquires Brush Traction Group - 03.03.2011
US company Wabtec Corporation has acquired Brush Traction Group at a cost of $31m to expand its locomotive servicing capability in the UK, Railway Technology reports. The acquisition will compliment Wabtec's existing rolling stock overhaul business based in Doncaster, UK. Wabtec Corporation is a provider of technology-based products and services for rail and other industrial markets. Brush Traction Group is a provider of locomotive overhauls, services and aftermarket components, and has annual sales of about $55m. Wabtec expects the transaction to be accretive in the first year. CARGO TRACKINGht.tr® Internet Tracking Agents & Offices |