EQT sells Dellner Couplers to Wabtec for EUR 890 million

EQT, an investment firm, has agreed to sell Dellner Couplers to Wabtec Corporation for about EUR 890 million. Dellner is known for its train connection systems and has grown into a global leader in the rail industry. Since EQT bought Dellner in 2019, the company has improved its products and expanded its business. This includes acquiring a coupling business and investing in research and development. Dellner has also enhanced its sustainability efforts. EQT's partner, Nils Ketter, praised Dellner's role in promoting greener rail transportation. He expressed gratitude for the hard work of Dellner's team and is optimistic about its future with Wabtec. Dellner's CEO, Fredric Håkansson, acknowledged EQT's support during Dellner's transformation. He looks forward to further innovation under Wabtec. The sale is pending regulatory approvals. EQT received guidance from various advisory firms during the transaction.