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May 9, 2016

US firm Wabtec strengthens track-related products with two acquisitions

US-based Wabtec has expanded its capabilities in track-related products and services with the acquisitions of Unitrac Railroad Materials and Pride Bodies.

US-based Wabtec has expanded its capabilities in rail products and services with the acquisitions of Unitrac Railroad Materials and Pride Bodies.

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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.

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.

"Railroads in the US spend up to 70% of their capital on infrastructure, and these acquisitions demonstrate Wabtec’s expansion in this key market."

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."

Wabtec 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.

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What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

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