Posts Tagged ‘maintenance of way’

Wabtec to Acquire Nordco

March 24, 2021

Pittsburgh-based Wabtec said on Tuesday that is has an agreement to buy Nordco from Greenbrier Equity Group or $400 million in cash. 

The Wisconsin-based Nordco is a supplier of rebuilt and used maintenance-of-way equipment.

This includes mobile rail-car movers and ultrasonic rail-flaw detection technology.

In a news release, Wabsco said the transaction has received regulatory approvals and is subject to customary closing conditions.

“This deal will significantly increase our presence in the maintenance-of-way segment and give us a strong position in the growing rail-car mover market,” said Pascal Schweitzer, president of Wabtec’s freight services group, in a statement.

Nordco is expected to have full-year 2021 sales of more than $175 million.

Wabtec said it is financing the acquisition through cash on hand and a revolving credit facility.

CSX to Use COMPASS in 40 MOW Vehicles

May 27, 2016

CSX is the first major rail road to buy a system designed to protect maintenance of way workers.

The carrier will use Protran’s COMPASS system in 40 track maintenance machines. Protran is a division of Harsco Rail.

CSX logo 1The proprietary telematics system is described as able to achieve real-time asset awareness, productivity analysis and maintenance tracking by using a combination of cellular or satellite communications.

The system uses a graphical analysis of each machine’s activity with automatic daily alerts for required maintenance, on-board system faults and real-time equipment diagnostics.

“Protran’s intelligent solutions for asset management and railway worker safety enable railways to protect railway personnel from potential collisions and other hazardous situations while also improving the utilization and maintenance planning of operating equipment,” said Jim Resio of Harsco.” Protran’s voltage awareness units provide audible and visual safety warnings during testing of third-rail and overhead catenary.”

CSX indicated that it plans to deploy the COMPASS in additional track maintenance vehicles.