Wabtec buys Swiger Coil Systems
USA: Wabtec Corp has acquired Swiger Coil Systems, which manufactures and services traction motors and electric coils for the rail and power generation markets.
Founded in 1975 and based in Cleveland, Ohio, Swiger Coil has annual sales of $35m in the USA and internationally.
'Swiger Coil expands our product line in the transit market, with components primarily related to vehicle propulsion', said Wabtec President & CEO Albert J Neupaver when the deal was announced on November 8. 'In addition, with a majority of its sales in the aftermarket, the company will be a good strategic fit with our existing network of service centres.'