Coming just shy of a year since it purchased GE Transportation in, Freightwaves reports that Wabtec has just purchased RELCO locomotives. This company builds, repairs, and remanufactures locomotives, and is based in Iowa. RELCO expects final sales numbers for 2019 to be about $50 million.
Rafael Santana, Wabtec president and CEO, says “The complementary combination of our portfolios will create aftermarket services growth and the development of new, innovative solutions to drive improved asset utilization and reduced operating costs for our customers.”
According to Pascal Schweitzer, Wabtec’s group vice president for freight global services, “We are excited about the long-term opportunities before us and are pleased to welcome Mark Bachman (RELCO COO) and the RELCO team to the Wabtec family.
For more information about this story, please click here.
For the latest railroad news, please visit rtands.com.