Pittsburgh-headquartered rail technology provider Wabtec (NYSE: WAB) is acquiring Nordco, which supplies new, rebuilt and used maintenance-of-way equipment. Nordco, which had belonged to parent company Greenbriar Equity Group, also offers mobile railcar movers and ultrasonic rail flaw detection technologies.
The acquisition, worth $400 million in cash, has been finalized and received regulatory approvals, and the deal should close in the coming weeks, according to Pascal Schweitzer, vice...
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