Rail technology and equipment provider Wabtec plans to acquire Super Metal, a supplier of automated vehicles and equipment solutions headquartered in Brazil.
Pittsburgh-based Wabtec (NYSE: WAB) says the acquisition will complement a March 2021 purchase of maintenance-of-way (MOW) manufacturer Nordco and help expand its presence in international markets. Wabtec describes Super Metal as one of the leading companies in Brazil involved in MOW equipment.
Wabtec didn’t disclose the financial terms of the acquisition. The company also already has a freight rail manufacturing facility in Contagem, Brazil.
“Super Metal’s solutions and equipment for railway maintenance of way have synergy with Wabtec’s services portfolio,” Danilo Miyasato, president and regional general manager of Wabtec in Latin America, said in a news release. “The combination of these solutions will enhance our maintenance portfolio and offer our customers increased safety, productivity and reduced operating costs.”
Super Metal’s products include vehicles for rail and tie maintenance and rail car movers.
“This deal highlights a lifetime of work from an entire family and boosts Super Metal’s capacity to deliver innovative solutions to the market,” Super Metal President Bernardo Zeferino said.
“We are excited with this new chapter as a Wabtec business.”
Subscribe to FreightWaves’ e-newsletters and get the latest insights on freight right in your inbox.
Click here for more FreightWaves articles by Joanna Marsh.
Related links:
Supply Chain AI Symposium
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
Future of Rail Symposium
Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
The Old Post • Chicago, IL Register NowReshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
The Signal at Chattanooga Choo Choo • Chattanooga TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now