Sona Comstar to acquire the railways equipment division from Escorts Kubota for $190m.

Sona Comstar, a global provider of mobility technology solutions, agreed to acquire the railways equipment division from Escorts Kubota, a supplier of critical components for railways, for $190m. "We are delighted to step into railways components sector with the signing of the agreement to acquire Railway Equipment Division of EKL. The proposed acquisition of Railway Equipment Division aligns with our vision statement as we expand into the broader mobility sector. Once completed, the ‘Railway Equipment Division’ acquisition will enhance our clean mobility product offerings by adding a market-leading railway components business. The railway industry presents long-term growth opportunities, and with the ‘Railway Equipment Division’ business, we see significant potential to broaden our product range by incorporating advanced technology and engineered products," Vivek Vikram Singh, Sona Comstar MD & CEO.