Wabtec to acquire Nordco via $400 million in cash, revolver

By Rebecca Melvin

New York, March 23 – Wabtec Corp. expects to use cash on hand and a drawdown from its revolving credit facility to finance its $400 million acquisition of Nordco, according to a news release.

The acquisition has obtained regulatory approval and is subject to customary closing conditions.

The Pittsburgh-based freight and transit rail equipment provider expects the purchase to be immediately accretive to EBITDA margin, earnings and cash flow in 2021 after adjusting for one-time costs.

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