Wabtec acquires this locomotive company

Wabtec Corp. (NYSE: WAB) acquired RELCO Locomotives for a purchase price of $29 million, according to a news release.   The acquisition expands Wabtec’s capabilities in locomotive maintenance and repair. RELCO is on track to total $50 million in sales for 2019, according to the release.  “This acquisition will unlock tremendous value for our customers, employees and shareholders,” Rafael Santana, Wabtec President and CEO, said in a prepared statement. “The complementary combination of…