Wabtec Values Transnet Engineering Support Deal at About $390 Million
Photo: TokenPost
Wabtec Corporation announced Nov. 2 that it had finalized a roughly $390 million support agreement with Transnet Engineering to improve reliability across South Africa’s D43 and D44 freight locomotive fleets. Wabtec disclosed the approximate valuation at 7 a.m. ET (12:00 UTC), describing the pact as a long-term Material and Technical Support Agreement. Its stated aims include improving locomotive availability and reliability, shortening maintenance turnaround times and strengthening fleet lifecycle management. Wabtec will provide components and technical expertise, along with predictive-maintenance capabilities that include its Expert-on-Alert digital condition-monitoring platform. The work also includes technical collaboration, knowledge transfer and localization initiatives.
Source: TokenPost
