The two companies will join Wabtec as part of its Transit Business. Wabtec is acquiring the two companies for a combined $110-million cash transaction, financed through cash on hand and a revolving credit facility. The company expects the acquisitions to “drive strong synergies, and to be immediately accretive to EPS excluding transaction costs.”
The Fanox acquisition, the company says, “strengthens Wabtec’s existing capabilities as a leader in the production of specialized relays for on-board train operations and other industrial applications, expanding its customer base and recurring revenue.”
The addition of Kompozitum, the company adds, “allows Wabtec to improve the manufacturing efficiency, quality, and competitiveness of its industry leading pantograph portfolio, while opening new markets for its carbon and graphite solutions.”
“We are excited about bringing the capabilities of Fanox and Kompozitum to our Transit Business,” said Wabtec Transit President Pascal Schweitzer. “These acquisitions align with our strategy by bringing in technologies that are complementary to our product portfolio, positioning the business for accelerated, profitable revenue growth. It also enhances Wabtec’s mission to provide our customers with next-generation solutions that improve efficiency, performance, and reliability.”
