Semvac ApS acquired by Wabtec Corporation
On Friday the 21st of April, 2017, Semvac Group ApS has been acquired by Wabtec Corporation, a leading global supplier of equipment, systems and value-added services for transit and freight rail. The transaction will expand Wabtec’s offerings in the premium sanitary systems and cabins category.
Headquartered in Wilmerding, Pennsylvania, USA, Wabtec Corporation provides highly engineered, value-added systems, products and services to freight rail, passenger transit and industrial customers around the world to help them increase their safety, efficiency and productivity. With nearly 20.000 employees in more than 30 countries around the world, Wabtec Corporation operates more than 100 manufacturing facilities.
Semvac will report through the Transit segment of Wabtec Corporation, operating under the Faiveley Transport brand name.
Hans Henrik Nielsen, Semvac’s CEO, declared: “I am convinced that consistently strengthening the organizational foundation plays a crucial role in prospectively being able to offer accurately tailored solutions to train customers from all corners of the world. Joining the Wabtec Corporation family will give us an opportunity to extend our market-leading position as one of the most progressive suppliers of sanitary solutions to the railway industry. We are thrilled to be entrusted the responsibility that comes along with being part of a corporation of this magnitude, and we recognize the immense reach this transaction facilitates.”
Olivier Ravit, Faiveley Transport Energy & Comfort Group President, said: “Bringing complementary expertise, major European railway car builders and operators references, the acquisition of Semvac allows us to build world leading positions within the railway sanitation market, which will set standards for improved competitiveness and footprint.”
Semvac eagerly anticipates utilizing the comprehensive market presence of the Wabtec Corporation in our most important endeavor: to supply the best sanitary solutions to our highly valued customers around the globe.