Wabtec Acquires Collins Aerospace’s ARINC Rail Solutions Business to Expand Rail Optimization Portfolio | New

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PITTSBURGH–(BUSINESS WIRE)–June 16, 2022–

Wabtec Corporation (NYSE: WAB), a leading global rail freight and transit provider, has acquired the ARINC Rail Solutions business segment of Collins Aerospace, a provider of rail-based dispatch and back-office solutions. on intelligence. Financial terms of the acquisition were not disclosed.

“ARINC’s rail solutions systems, combined with Wabtec’s digital and electronics portfolio, will accelerate the industry’s rail optimization journey,” said Nalin Jain, president of Wabtec’s digital electronics business. “Our combined technologies will optimize the rail network and provide a rail ecosystem with increased productivity, efficiency and safety.”

ARINC’s rail solutions business supports mass transit, regional, intercity, commuter, metro and light rail transit systems in the United States and Canada. This includes dispatch and back-office capabilities with fully integrated train control and positive train control (PTC), integration of control center and customer information systems, as well as cybersecurity solutions and life cycle management. ARINC’s RailwayNet product provides connectivity to the Interoperable Train Control (ITC) federated network that supports PTC messaging, including full messaging functionality, back-office and operations center services, monitoring of system and support.

Wabtec has been a leader in the railroad industry for over 150 years and has a vision to achieve a zero-emissions railroad system in the United States and around the world. This transaction will strengthen Wabtec’s unparalleled digital and electronic portfolio and help increase productivity, safety and efficiency across the global rail network.

About Wabtec

Wabtec Corporation (NYSE: WAB) is focused on creating transportation solutions that move and improve the world. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the rail freight and transit industries, as well as the mining, marine and industrial markets. Wabtec has been a leader in the railroad industry for over 150 years and has a vision to achieve a zero-emissions railroad system in the United States and around the world. Visit the Wabtec website at www.wabteccorp.com.

Show source version on businesswire.com:https://www.businesswire.com/news/home/20220616005267/en/

CONTACT: Media contact:

Amy Magee

[email protected]/ 814-450-5724Wabtec Investor Contact:

Kristine Kubacki, CFA

[email protected]/ 412-450-2033

KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA

SECTOR KEYWORD: RAIL TECHNOLOGY TRANSPORT SOFTWARE NETWORKS PUBLIC TRANSPORT

SOURCE: Wabtec Corporation

Copyright BusinessWire 2022.

PUBLICATION: 06/16/2022 07:30 / DISK: 06/16/2022 07:32

http://www.businesswire.com/news/home/20220616005267/en

Copyright BusinessWire 2022.

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