Wabtec Acquires Brush Traction, a UK-Based Provider of Locomotive Overhauls, Services

By Wabtec Corporation, PRNE
Sunday, February 27, 2011

WILMERDING, Pennsylvania, February 28, 2011 - Wabtec Corporation (NYSE: WAB) has acquired Brush Traction Group, a
UK-based provider of locomotive overhauls, services and aftermarket
components, for about $31 million. With facilities in Loughborough, England
and Kilmarnock, Scotland, the company has annual sales of about $55 million.
Wabtec expects the transaction to be accretive in the first year.

Brush Traction overhauls and maintains a variety of locomotives,
including those used in Eurotunnel and high-speed UK service, for leasing
companies and transit authorities. The company also provides traction motors,
electrical control systems, wheelsets and other locomotive components.

"This acquisition strengthens our position as a leading aftermarket
service provider in the UK," said Albert J. Neupaver, Wabtec's president and
chief executive officer. "With its focus on the locomotive aftermarket, Brush
Traction is a strategic complement to our Wabtec Rail unit in Doncaster,
England, which offers mainly transit car refurbishment. The company has
expertise in high-speed rail, strong engineering capabilities, a highly
skilled work force and a long-standing reputation for quality."

Wabtec Corporation is a global provider of value-added, technology-based
products and services for rail and other industrial markets. Through its
subsidiaries, the company manufactures a range of products for locomotives,
freight cars and passenger transit vehicles. The company also builds new
switcher and commuter locomotives, and provides aftermarket services. The
company has facilities located throughout the world.

Tim Wesley, +1-412-825-1543, twesley at wabtec.com

Railroads and Intermodal Transportation News

February 28 News

will not be displayed