Wolf Theiss, working with Jones Day, has advised Westinghouse Air Brake Technologies Corporation on its acquisition of Sweden-based Dellner Couplers for USD 960 million from EQT. Milbank and Vinge reportedly advised EQT.
Westinghouse Air Brake Technologies Corporation is an American company formed by the merger of the Westinghouse Air Brake Company and MotivePower Industries Corporation in 1999.
EQT is a Swedish investment organization founded in 1994. Its funds invest in private equity, infrastructure, real estate, growth equity, and venture capital in Europe, North America, and Asia Pacific.
According to Wolf Theiss, Dellner Couplers deals in highly engineered, safety-critical train connection systems and services for passenger rail rolling stock. Wabtec will finance the acquisition through cash on hand and short-term debt, subject to customary closing conditions and regulatory approvals.
The Wolf Theiss team included Partners Katarzyna Wojcik-Bakowska and Krzysztof Libiszewski and Associate Oliwia Kruczynska.
