
Miscellaneous
Wabtec Completes Acquisition of Becorit GmbH, a Leading European Rail Equipment Manufacturer
WILMERDING, Pa. – Wabtec Corp. has completed the acquisition of Becorit GmbH, a leading manufacturer of technology-based friction products for the European railway industry, for $52.2 million in cash. Last week, Wabtec announced that it had signed a definitive agreement to acquire the company from U.K.-based BBA Aviation plc. Wabtec expects the acquisition to be accretive immediately. Based in Germany, Becorit has annual sales of about $30 million. Becorit manufactures a variety of brake shoes, pads and friction linings for passenger transit cars, freight cars and locomotives, including high-speed applications. The company also makes friction products for industrial markets such