Vestar Capital Partners has received EU regulatory approval for the SEK2 billion acquisition of SAB WABCO, a EURO300 million revenue global producer of brake systems for rail vehicles. Vestar Capital Partners bought the SAB WABCO business from Cardo AB, a publicly listed company based in Sweden. The company manufactures brake systems and related products primarily serving the European passenger transit and rail markets. It also provides market repair and maintenance services to rail operators.
Headquartered in Malm, Sweden SAB WABCO employs approximately 2,000 people worldwide, operating out of 15 locations globally with six primary production facilities located in Amiens, France; Piossasco, Italy; Remscheid and Oberhausen, Germany; Bromborough, UK and Landskrona, Sweden. It also produces in Brazil, South Korea and India to serve the fast growing Asia/Pacific, Indian and South American markets.