Wabtec has acquired Dellner Couplers, a global leader in highly engineered safety-critical train connection systems and services for passenger rail rolling stock.

“Dellner Couplers provides significant synergies by complementing our core Transit systems portfolio, servicing a joint customer base, and leveraging our strong service capabilities,” said Rafael Santana, President and CEO of Wabtec. “This acquisition aligns very well with our stated growth strategies to accelerate the innovation of scalable technologies, expand high margin recurring revenues, and to drive improved operational performance.”

Dellner Couplers is a Sweden based company that brings an 84-year legacy of innovation in train connection systems to Wabtec. 

The company provides an extensive offering in train connection systems, with production, assembly, and aftermarket services facilities in 13 countries serving over 200 customers. 

Wabtec is acquiring Dellner for $960 million in cash, financed through cash on hand and short-term debt. 

More information on the acquisition can be found on Wabtec's website.