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Wolf Theiss Advises Wabtec on USD 960 Million Acquisition of Dellner Couplers

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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.

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With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

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