Wabtec Acquires RELCO Locomotive

Pittsburgh-based Wabtec has acquired RELCO Locomotives for $29 million in cash.

In a news release Wabtec said all conditions for the acquisition are complete and the transaction will be accretive in year one.

In 2019 RELCO had projected sales of $50 million.

Wabtec said the acquisition will expand its freight services capabilities and capacity to support growth in the remanufacturing and repair business.

RELCO is a locomotive leasing, repair and rebuilding firm with a shop in Albia, Iowa.

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