Wabtec Corporation has acquired Xorail LLC, a leading provider of signal engineering and design services, for US$40m in cash. The company is based in Jacksonville, Florida, and has annual sales of about US$40m.
Xorail provides a variety of engineering, design and construction services, mainly for railway signalling systems. These services include level crossing warning systems, design solutions for wayside signalling, positive train control 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 ten 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."
(March 15th, 2010) |