Wabtec to acquire Nordco from Greenbriar Equity Group for $400m.

Wabtec, a global provider of equipment, systems, digital solutions and value-added services for freight and transit rail, agreed to acquire Nordco, a supplier of new, rebuilt and used maintenance of way equipment, from Greenbriar Equity Group, a private equity firm, for $400m. “Nordco is a strategic addition to the Wabtec portfolio with an attractive pipeline of vertical solutions and strong aftermarket demand that will only be strengthened by our vast global footprint. This acquisition aligns with our growth strategy, is supported by a strong recurring revenue model, technology that complements our business, and is projected to deliver over $10m in cost synergies for our shareholders over the next three years,” Rafael Santana, Wabtec President and CEO.