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Rail News: M&A
Maintenance-of-way machinery supplier Nordco Inc. recently acquired Dapco Industries Inc. and Dapco Technologies L.L.C. Terms weren’t disclosed.
Dapco Industries manufactures customized inspection systems for railroads and mills; Dapco Technologies owns and operates a fleet of ultrasonic rail inspection vehicles.
“With the acquisition … we have significantly broadened the range of products and services that Nordco offers to the railroad industry,” said Nordco Chief Executive Officer Bruce Boczkiewicz in a prepared statement.
The transaction marks Nordco’s second acquisition in six months. In September 2006, the company acquired J.E.R. Overhaul, which rebuilds MOW equipment, supplies components and assemblies, and provides equipment maintenance and repair services.
Nordco provides new and rebuilt machinery designed to maintain ties, rails and track surface, and clear rights of way to North American freight and passenger railroads.
3/7/2007
Rail News: M&A
Nordco acquires Dapco Industries, Dapco Technologies
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Maintenance-of-way machinery supplier Nordco Inc. recently acquired Dapco Industries Inc. and Dapco Technologies L.L.C. Terms weren’t disclosed.
Dapco Industries manufactures customized inspection systems for railroads and mills; Dapco Technologies owns and operates a fleet of ultrasonic rail inspection vehicles.
“With the acquisition … we have significantly broadened the range of products and services that Nordco offers to the railroad industry,” said Nordco Chief Executive Officer Bruce Boczkiewicz in a prepared statement.
The transaction marks Nordco’s second acquisition in six months. In September 2006, the company acquired J.E.R. Overhaul, which rebuilds MOW equipment, supplies components and assemblies, and provides equipment maintenance and repair services.
Nordco provides new and rebuilt machinery designed to maintain ties, rails and track surface, and clear rights of way to North American freight and passenger railroads.
