View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
December 8, 2016

M&As this week: Genesee & Wyoming Australia, Wabtec, Vossloh

Genesee & Wyoming Australia (GWA) has completed the acquisition of Glencore Rail for $849m.

Genesee & Wyoming Australia (GWA) has completed the acquisition of Glencore Rail for $849m.

The acquisition involved the transfer of nine train sets, including 894 wagons and 30 locomotives, from Glencore Rail.

Genesee & Wyoming has also issued a 49% equity stake in GWA to funds managed by Macquarie Infrastructure & Real Assets (MIRA).

Genesee & Wyoming owns or leases 121 freight railroads worldwide. The acquisition will enable the company to expand its operations in Australia.

Wabtec has acquired a majority ownership stake in Faiveley Transport for €1.7bn ($1.82bn).

The purchase consideration included a combination of approximately $212m in cash and 6.3 million shares of Wabtec common stock.

"The acquisition will allow the company to operate in major transit and freight rail regions wordwide."

Faiveley is an integrated systems and services provider for the railway industry, while Wabtec offers products and services for freight rail, passenger transit and other industrial sectors.

The acquisition will allow the company to operate in major transit and freight rail regions across the world.

Wabtec is based in the US, whereas Faiverley is based in France.

Vossloh, a rail technology company based in Germany, has reached an agreement with Altus Capital Partners II to acquire Rocla Concrete Tie for $117.2m.

Upon completion of the transaction, Rocla Concrete Tie will operate as a business unit, named Vossloh Tie Technology, within the Core Components division.

Scheduled for completion in 2017, the acquisition will expand the product portfolio of Vossloh and enable the company to strengthen its business in the US market.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The railway industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Railway Technology