WILMERDING, PA (March 15, 2010) – Wabtec Corporation (NYSE: WAB) has acquired Xorail LLC, a
leading provider of signal engineering and design services, for $40 million in cash. The company is
based in Jacksonville, Fla., and has annual sales of about $40 million. Wabtec expects the transaction to
be accretive in the first year.
Xorail provides a variety of engineering, design and construction services, mainly for railway signaling
systems. These services include design solutions for wayside signaling, positive train control systems
and highway grade crossing warning systems, site surveys, systems integration, and field construction
and installation of wayside equipment. Xorail’s customers include Class I railroads and passenger transit
authorities in North America. The company was founded in 1990 as Southwest Signal Engineering
Company, and now has 10 satellite offices throughout North America with about 275 employees. Kash
Krishnarao, president of Xorail, will remain with the company.
“Xorail’s engineering and wayside capabilities are a good fit with our existing railway electronics
business,” said Albert J. Neupaver, Wabtec’s president and chief executive officer. “In addition, these
capabilities position Wabtec for a larger role as the rail industry implements positive train control
technology over the next several years.”
Wabtec Corporation is a global provider of value-added, technology-based products and services for
the rail industry. Through its subsidiaries, the company manufactures a range of products for locomotives,
freight cars and passenger transit vehicles. The company also builds new switcher and commuter
locomotives, and provides aftermarket services. The company has facilities located throughout the world.
leading provider of signal engineering and design services, for $40 million in cash. The company is
based in Jacksonville, Fla., and has annual sales of about $40 million. Wabtec expects the transaction to
be accretive in the first year.
Xorail provides a variety of engineering, design and construction services, mainly for railway signaling
systems. These services include design solutions for wayside signaling, positive train control systems
and highway grade crossing warning systems, site surveys, systems integration, and field construction
and installation of wayside equipment. Xorail’s customers include Class I railroads and passenger transit
authorities in North America. The company was founded in 1990 as Southwest Signal Engineering
Company, and now has 10 satellite offices throughout North America with about 275 employees. Kash
Krishnarao, president of Xorail, will remain with the company.
“Xorail’s engineering and wayside capabilities are a good fit with our existing railway electronics
business,” said Albert J. Neupaver, Wabtec’s president and chief executive officer. “In addition, these
capabilities position Wabtec for a larger role as the rail industry implements positive train control
technology over the next several years.”
Wabtec Corporation is a global provider of value-added, technology-based products and services for
the rail industry. Through its subsidiaries, the company manufactures a range of products for locomotives,
freight cars and passenger transit vehicles. The company also builds new switcher and commuter
locomotives, and provides aftermarket services. The company has facilities located throughout the world.
RSS Feed