The PennZone

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB), a leading global supplier for freight and transit rail, announced today a definitive agreement to acquire Super Metal, a supplier of automated vehicles and equipment solutions that support rail operations. Super Metal is one of the leading Brazilian companies in the maintenance of way segment in the rail industry. This acquisition complements our Nordco acquisition and accelerates our strategy to expand into international markets. The financial terms of the acquisition were not disclosed.

"Super Metal's solutions and equipment for railway maintenance of way have synergy with Wabtec's Services portfolio," said Danilo Miyasato, President & Regional General Manager of Wabtec in Latin America. "The combination of these solutions will enhance our maintenance portfolio and offer our customers increased safety, productivity, and reduced operating costs."

Bernardo Zeferino, President of Super Metal added, "This deal highlights a lifetime of work from an entire family and boosts the Super Metal's capacity to deliver innovative solutions to the market. We are excited with this new chapter as a Wabtec business."

More on The PennZone

• KT Medical Staffing Addresses the Questions Families Forget to Ask Before Bringing Private Nursing Care Home
• Private Autopsies Give Arizona Families Answers After Nursing Home and Care Facility Deaths
• Chuckie F. Mahoney Memorial Foundation Awards Nearly $40,000 in School Grants
• OPUS Global Data Solutions Launches Food Trader Plus, Bringing Operational Control and Deal-Level Profit Visibility to Food Brokers
• Phinge CEO DeMaio Unveils Speech to Congress: User Data Sovereignty vs Tech Surveillance Capitalism, Asserting Foundational 2021 App-Less Patents & IP

Super Metal has nearly 30 years of experience supplying diverse automated vehicles and maintenance equipment that include vehicles for rail and tie maintenance, as well as railcar movers. The company also specializes in machining, services, development, and project execution for day-to-day operations of railroads throughout Brazil.

"Super Metal is a great addition to our maintenance of way portfolio. Their differentiated road to rail solutions will accelerate our international growth in key regions such as Latin America, Asia, and Africa," said Pascal Schweitzer, Group President of Wabtec's Global Freight Services.

With Super Metal located in Governador Valadares city in Minas Gerais, Brazil, this acquisition provides Wabtec a robust rail maintenance portfolio in South America. It also complements Wabtec's existing freight rail manufacturing presence in Contagem, Brazil.

About Wabtec

Wabtec Corporation (NYSE: WAB) is focused on creating transportation solutions that move and improve the world. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 150 years and has a vision to achieve a zero-emission rail system in the U.S. and worldwide. Visit Wabtec's website at www.wabteccorp.com.

More on The PennZone

• Michael Maertens Hired as Century Fasteners Corp. – Chief Financial Officer
• LATO AI Software Innovations Expedite Inspections & Repair of Parking Lots for The Pavement Group
• Built to Last: Why BSI Is Among the Nation's Fastest-Growing Companies, and One of Its Best Places to Work
• Bent Danholm's The Architecture of Demand Reaches No. 2 in Amazon Real Estate Sales
• Contracting Resources Group Named to Inc. 5000 for the Ninth Time

Contacts

Wabtec Media Contacts:
Tatiana Fernandes (Brazil)
tatiana.fernandes@Wabtec.com / 55-31-991206576

Tim Bader (United States)
tim.bader@wabtec.com / 682-319-7925

Wabtec Investor Contact
Kristine Kubacki, CFA
kristine.kubacki@wabtec.com / 412-450-2033

---

Show All News | Disclaimer | Report Violation