Wabtec Acquisitions Expand Capabilities of its Transit Business
Wabtec (NYSE: WAB) announced strategic acquisitions of Fanox and Kompozitum for its Transit Business in a combined $110-million cash transaction. The Fanox acquisition enhances Wabtec's specialized relay production capabilities for train operations, while Kompozitum strengthens its pantograph portfolio manufacturing efficiency and opens new markets for carbon and graphite solutions. The acquisitions, financed through cash on hand and a revolving credit facility, are expected to be immediately accretive to EPS excluding transaction costs and drive strong synergies.
Wabtec (NYSE: WAB) ha annunciato acquisizioni strategiche di Fanox e Kompozitum per il suo business nel settore del trasporto in un'operazione di cessione combinata di 110 milioni di dollari. L'acquisizione di Fanox migliora le capacità di produzione di relè specializzati di Wabtec per le operazioni ferroviarie, mentre Kompozitum rafforza l'efficienza della produzione del proprio portafoglio di pantografi e apre nuovi mercati per soluzioni in carbonio e grafite. Le acquisizioni, finanziate tramite liquidità disponibile e una linea di credito revolving, si prevede siano immediatamente accretive all'EPS escludendo i costi di transazione e genereranno forti sinergie.
Wabtec (NYSE: WAB) anunció adquisiciones estratégicas de Fanox y Kompozitum para su negocio de transporte en una transacción combinada de 110 millones de dólares en efectivo. La adquisición de Fanox mejora las capacidades de producción de relés especializados de Wabtec para las operaciones ferroviarias, mientras que Kompozitum refuerza la eficiencia de fabricación de su cartera de pantografos y abre nuevos mercados para soluciones de carbono y grafito. Se espera que las adquisiciones, financiadas a través de efectivo disponible y una línea de crédito rotativo, sean inmediatamente accretivas al EPS excluyendo los costos de transacción y generen fuertes sinergias.
Wabtec (NYSE: WAB)은 Fanox 및 Kompozitum의 전략적 인수를 발표하였으며, 이는 교통 사업을 위한 1억 1천만 달러의 현금 거래입니다. Fanox의 인수는 기차 운영을 위한 전문 릴레이 생산 능력을 강화하고, Kompozitum은 팬터그래프 포트폴리오의 제조 효율성을 높이며 탄소 및 그래파이트 솔루션을 위한 새로운 시장을 열어줍니다. 이 인수는 보유하고 있는 현금과 회전 신용 시설을 통해 자금을 조달하였으며, 거래 비용을 제외한 EPS에 즉각적으로 기여하고 강력한 시너지를 창출할 것으로 예상됩니다.
Wabtec (NYSE: WAB) a annoncé des acquisitions stratégiques de Fanox et Kompozitum pour son activité de transit dans le cadre d'une transaction en espèces combinée de 110 millions de dollars. L'acquisition de Fanox renforce les capacités de production de relais spécialisés de Wabtec pour les opérations de train, tandis que Kompozitum améliore l'efficacité de fabrication de son portefeuille de pantographes et ouvre de nouveaux marchés pour des solutions en carbone et en graphite. Les acquisitions, financées par des liquidités disponibles et une ligne de crédit renouvelable, devraient avoir un impact positif immédiat sur le BPA en excluant les coûts de transaction et générer de fortes synergies.
Wabtec (NYSE: WAB) gab die strategischen Übernahmen von Fanox und Kompozitum für sein Verkehrsgeschäft in einer kombinierten Bartransaktion über 110 Millionen Dollar bekannt. Die Übernahme von Fanox verbessert die spezialisierten Relaisproduktionsfähigkeiten von Wabtec für den Zugbetrieb, während Kompozitum die Fertigungseffizienz seines Pantographenportfolios stärkt und neue Märkte für Kohlenstoff- und Graphitlösungen eröffnet. Die Übernahmen, die durch vorhandene liquide Mittel und eine revolverfähige Kreditlinie finanziert wurden, sollen sofort zu EPS beitragen, abgesehen von Transaktionskosten, und starke Synergien fördern.
- Combined acquisition value of $110 million indicates significant strategic investment
- Acquisitions expected to be immediately accretive to EPS (excluding transaction costs)
- Expands recurring revenue streams through broader customer base
- Strong synergies expected from both acquisitions
- Enhances manufacturing efficiency and competitiveness
- Increases debt through use of revolving credit facility
Insights
The strategic acquisitions of Fanox and Kompozitum for
These acquisitions are particularly strategic as they enhance Wabtec's recurring revenue streams through Fanox's specialized relay business while improving manufacturing efficiency through Kompozitum's expertise. The vertical integration in the pantograph portfolio should lead to improved margins and market competitiveness. Given Wabtec's
The acquisition of Fanox and Kompozitum significantly strengthens Wabtec's technological portfolio in critical rail systems. Fanox's specialized relays are essential components in train safety and operational systems, while Kompozitum's carbon and graphite solutions enhance the important pantograph systems that connect trains to overhead power lines. This technological integration will give Wabtec greater control over its supply chain and product development capabilities.
The strategic value lies in the complementary nature of these technologies - they fill specific gaps in Wabtec's portfolio while opening new market opportunities. The focus on improving manufacturing efficiency and quality in the pantograph segment is particularly noteworthy, as this could lead to competitive advantages in the growing electric rail market.
Additions of Fanox and Kompozitum to Provide Long-Term Profitable Growth
“We are excited about bringing the capabilities of Fanox and Kompozitum to our Transit Business,” said Pascal Schweitzer, President Wabtec Transit. “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.”
The Fanox acquisition 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 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.
The two companies will join Wabtec as part of its Transit Business. Wabtec is acquiring the two companies for a combined
About Wabtec
Wabtec Corporation (NYSE: WAB) is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets. Wabtec has been at the forefront of innovation in the rail industry for over 150 years and is committed to developing sustainable solutions that move and improve the world. Visit Wabtec’s website at www.wabteccorp.com.
About Fanox Electronic, S.L.
Fanox is a global leader in designing and manufacturing protection relays and communication devices for Medium-Voltage (MV) applications. Recognized for its expertise in self-powered relays (SIA family), Fanox sets the standard for reliability and innovation in the industry. For more information, visit: www.fanox.com
About Kompozitum
Kompozitum is an innovative leader in the field of technical machined carbon and graphite components with special metal or resins impregnations, moving the limits in usability of high-quality carbon or graphite materials. For more information, visit: www.kompozitum.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241112995579/en/
Wabtec Media contact:
Tim Bader
+1 682-319-7925
tim.bader@wabtec.com
Hélène Josselin (Transit)
+33 (0)6 58 13 00 33
helene.Josselin@wabtec.com
Wabtec Investor Contact
Kyra Yates
+1 817-349-2735
kyra.yates@wabtec.com
Source: Wabtec Corporation
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