Wabtec Acquires RELCO Locomotives
Wabtec Corporation has acquired RELCO Locomotives, a long-established player in the locomotive overhaul and maintenance industry.
The deal expands Wabtec’s freight services capabilities and capacity to grow in the remanufacturing and repair business.
The purchase price was $29 million.
RELCO’s projected sales for 2019 are roughly $50 million.
“By leveraging Wabtec’s robust remote monitoring and diagnostics and predictive maintenance capabilities, as well as our focus on lean continuous improvement, we will build upon RELCO’s deep product offering, track record of service quality and engineering creativity for locomotive modernizations," said Pascal Schweitzer, Wabtec’s Group President, Freight Global Services Organization. "We are excited at the long-term opportunities before us and are pleased to welcome Mark Bachman and the RELCO team to the Wabtec family.”
Wabtec and GE Transportation closed on its merger in February 2019.