US-based Wabtec has expanded its capabilities in rail products and services with the acquisitions of Unitrac Railroad Materials and Pride Bodies.
Based in Tennessee, Unitrac is a designer and manufacturer of track products, such as turnouts, panels and frogs. Its customers include Class I and short-line railroads, as well as transit agencies throughout North America.
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Canadian company Pride Bodies is focused on equipping rail and utility vehicles with custom rail gear, cranes, air systems, and lighting.
The company’s custom aluminum bodies provide significantly increased payloads on heavy-duty and medium-duty vehicles used in rail and utility maintenance projects.
Wabtec’s president and CEO Raymond Betler said: "Unitrac and Pride Bodies will be a good strategic fit with our existing capabilities, which now represent more than $100m of annual revenues.
"Railroads in the US spend up to 70% of their capital on infrastructure, and these acquisitions demonstrate Wabtec’s expansion in this key market."
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By GlobalDataWabtec noted that its acquisition of companies in recent years has resulted in a successful expansion into track-related products and services.
It is reported that the companies have combined annual sales of about $45m.
