Wabtec Acquires Collins Aerospace’s ARINC Rail Solutions Business to Extend Rail Optimization Portfolio
PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB), a leading global supplier for freight and transit rail, has acquired Collins Aerospace’s ARINC rail solutions business segment, a provider of intelligence-based rail dispatch and back-office solutions. The financial terms of the acquisition were not disclosed. “ARINC’s rail solutions systems, coupled with Wabtec’s digital and electronics portfolio, will accelerate the industry’s journey of rail optimization,” said Nalin Jain, Presiden
Wabtec Acquires Collins Aerospace’s ARINC Rail Solutions Business to Extend Rail Optimization Portfolio
PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB), a leading global supplier for freight and transit rail, has acquired Collins Aerospace’s ARINC rail solutions business segment, a provider of intelligence-based rail dispatch and back-office solutions. The financial terms of the acquisition were not disclosed. “ARINC’s rail solutions systems, coupled with Wabtec’s digital and electronics portfolio, will accelerate the industry’s journey of rail optimization,” said Nalin Jain, Presiden