EQT to sell Dellner Couplers to Wabtec

Whats Happening:

EQT VIII fund has agreed to sell Dellner Couplers, a global leader in train connection systems, to Wabtec Corporation for approximately €890 million. Since EQT's acquisition in 2019, Dellner has strengthened its commercial organization, improved its product portfolio, and enhanced its sustainability credentials.

Key Moves:

• EQT VIII fund agrees to sell Dellner Couplers to Wabtec Corporation for €890 million

• Dellner strengthened its commercial organization and improved product portfolio under EQT's ownership

• Dellner enhanced sustainability credentials across operations and supply chain

By The Numbers:

• Transaction values Dellner at approximately €890 million

• Dellner was founded in 1941 in Vika, Sweden

• Dellner has presence across Europe, North America, and Asia

Key Quotes:

• "Dellner plays an important role in the train connection market and enables growth in rail transportation, thereby further supporting the shift toward greener mobility," said Nils Ketter, Partner in the EQT Private Equity advisory team.

• "We are grateful for EQT's support in steering Dellner through a transformational period, helping to professionalize our organization, advance our product portfolio, and strengthen our commitment to sustainability," said Fredric Håkansson, CEO of Dellner.

Bottom Line:

EQT's successful exit from Dellner Couplers demonstrates the fund's ability to create value in the train connection systems market. The transaction highlights EQT's strategy of investing in companies that promote sustainable transportation and drive innovation in their respective industries.

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