M&A Deal Summary

Roy Hill Holdings Pty Acquires Wabtec - FLXdrive Battery Locomotive

On September 13, 2021, Roy Hill Holdings Pty acquired electrical equipment company Wabtec - FLXdrive Battery Locomotive from Wabtec

Acquisition Highlights
  • This is Roy Hill Holdings Pty’s 1st transaction in the Electrical Equipment sector.
  • This is Roy Hill Holdings Pty’s 1st transaction in the United States.
  • This is Roy Hill Holdings Pty’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2021-09-13
Target Wabtec - FLXdrive Battery Locomotive
Sector Electrical Equipment
Buyer(s) Roy Hill Holdings Pty
Sellers(s) Wabtec
Deal Type Divestiture

Target

Wabtec - FLXdrive Battery Locomotive

Wilmerding, Pennsylvania, United States
Wabtec's FLXdrive battery-electric locomotive, the world’s first 100-percent battery, heavy-haul locomotive for the region and the mining industry.

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Buyer(S) 1

Buyer

Roy Hill Holdings Pty

Perth,, Australia

Category Company
Founded 2007
Sector Metals/Mining
DESCRIPTION

Roy Hill is the development of a new generation of integrated iron ore mining, rail & port operations in the Pilbara region of Western Australia. Our people are shaping sophisticated processes that will introduce a new wave of innovation, technology and knowledge to Australia’s iron ore industry.


DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Wabtec

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1869
Sector Machinery
Employees29,000
Revenue 9.7B USD (2023)
DESCRIPTION

Wabtec is a provider of value-added, technology-based products and services for the rail industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars, and passenger transit vehicles. Wabtec builds new switcher and commuter locomotives and provides aftermarket services, including locomotive and freight car fleet maintenance. Wabtec was formed in 1869 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 2 of 3
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 2 of 3
State (Pennsylvania) 2 of 3
Country (United States) 2 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 Nordco

Oak Creek, Wisconsin, United States

Nordco is a provider of highly-engineered equipment, parts and services to the railroad maintenance-of-way, railcar moving and rail flaw detection sectors. Nordco was founded in 1926 and is based in Oak Creek, Wisconsin.

Buy $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 MASU - Railway Friction Business

Delhi, India

MASU's Railway Friction Business is a manufacturer of friction products for the rail industry.

Buy $34M