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Wabtec acquires Xorail, a provider of signal engineering, design services

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Wabtec Signs Contract To Provide Electronic Braking To South Africa's Spoornet Wabtec Corporation 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 1 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."

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