Wabtec entered into a definitive agreement to acquire Super Metal, a supplier of automated vehicles and equipment solutions that support rail operations. The financial terms of the acquisition were not disclosed.
Super Metal is one of the leading Brazilian companies in the maintenance of way segment in the rail industry. This acquisition complements the Nordco acquisition and accelerates Wabtec’s strategy to expand into international markets.
“Super Metal’s solutions and equipment for railway maintenance of way have synergy with Wabtec’s Services portfolio. The combination of these solutions will enhance our maintenance portfolio and offer our customers increased safety, productivity, and reduced operating costs,” Danilo Miyasato, President & Regional General Manager of Wabtec in Latin America,” Danilo Miyasato, President & Regional General Manager of Wabtec in Latin America said.
Super Metal has nearly 30 years of experience supplying diverse automated vehicles and maintenance equipment that include vehicles for rail and tie maintenance, as well as railcar movers. The company also specializes in machining, services, development, and project execution for day-to-day operations of railroads throughout Brazil.
“This deal highlights a lifetime of work from an entire family and boosts the Super Metal’s capacity to deliver innovative solutions to the market. We are excited with this new chapter as a Wabtec business,” Bernardo Zeferino, President of Super Metal said.
With Super Metal located in Governador Valadares city in Minas Gerais, Brazil, this acquisition provides Wabtec a robust rail maintenance portfolio in South America. It also complements Wabtec’s existing freight rail manufacturing presence in Contagem, Brazil.