We have advised Wabtec Corporation, a US-headquartered leading global provider of equipment, systems and digital solutions for the rail and transit industries, on the sale of its Denmark-based subsidiary, Semvac A/S to Kineco Group, an Indian diversified industrial company.
Wabtec Corporation (NYSE: WAB), a leading global provider of equipment, systems, and digital solutions for the rail and transit industries, has successfully concluded the sale of its Danish subsidiary, Semvac A/S, to Kineco Group.
The divestment of Semvac A/S aligns with Wabtec’s strategy to streamline its portfolio and optimise resources towards areas of high growth and operational efficiency. Semvac A/S, a prominent manufacturer of sanitation systems for the railway industry, has been a trusted partner for railway operators across Europe since its founding in 1984. Headquartered in Odense, Denmark, Semvac has an international presence across 100+ projects serving international rail car builders and rail operators such as Alstom, Nedtrain, DB, SNCB and SNCF with an operational base of over 19,000 vacuum toilet systems installed worldwide.
Kineco announced it would closely work with Semvac's management to further enhance the company's brand positioning, competitiveness and global market reach and unlock significant new opportunities for both companies. With multiple synergies and complementary strengths between Semvac and Kineco, this integration is set to define new industry benchmarks in rail sanitation systems globally.
