NYAB acquires Snyder Equipment
New York Air Brake announced March 15 that it has acquired locomotive fueling, servicing and component remanufacturing company Snyder Equipment Co. Terms of the deal were not disclosed.
acquisition
Teknoware Oy acquires North American presence
Lathi, Finland-based Teknoware Oy has acquired the assets and the name of Trans-Lite Inc. , a supplier of lighting systems for the rail industry in the U.S.
L.B. Foster selling securement unit
L.B. Foster Co., an infrastructure products supplier, announced Monday that the will sell its railway securement business in a transaction scheduled for completion at mid-year.
Invensys Rail Corp. announces PTC acquisition
Invensys Rail Corp. has acquired privately held PHW, Inc. from the current owner/managers for up to $24 million. Invensys says the acquisition was completed May 10. Pittsburgh-based PHW, Inc. will operate as a wholly owned subsidiary of Invensys Rail Corp.
Investment firm acquires Patriot Rail Corp.
San Francisco-based SteelRiver Infrastructure Partners, an independent investment management firm, said Tuesday it will acquire 100% of the capital stock of Patriot Rail Corp. The firm will make the purchase through its dedicated infrastructure investment vehicle, SteelRiver Infrastructure Fund North America LP.
STB: Michigan files to acquire NS line
The Surface Transportation Board says Michigan’s Department of Transportation has filed an Acquisition Exemption, requesting permission for MichDOT to acquire two sections of NS rights-of-way totaling about 135 miles.
RailAmerica completes acquisition
Jacksonville, Fla.-based RailAmerica, Inc. announced that it has completed the acquisition of a 20% interest in the Wellsboro & Corning Railroad and Industrial Waste Group from Myles Group for approximately $18 million.
Sydney, Australia, to scrap monorail for LRT
New South Wales government officials in Australia have announced that the state has acquired Metro Transport Sydney (MTS), the company that owns monorail and light rail operations, in an A$19.8 million (US$20.6 million) deal. The acquisition is part of a plan to redevelop the Darling Harbour Convention Centre and precinct in Sydney, Australia’s largest city with a population of roughly 4.6 million.
Atlantic Track gets rights to Conley materials
Bloomfield, N.J.-based Atlantic Track and Turnout Co. said Monday it is acquiring Memphis-based Conley Frog and Switch movable bridge patterns and patent rights, which involve “rail arrangements for vertical, swing, and draw-type
Watco to control Wisconsin & Southern
Pittsburgh, Kan.-based Watco Transportation Services, LLC has announced it is acquiring what it calls “controlling ownership” of Milwaukee-based Wisconsin & Southern Railroad Co. (WSOR). Watco’s acquisition adds Wisconsin’s second-largest railroad to it stable of short line and regional properties.