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Yesterday, Wabtec Corp. signed an agreement to acquire G&B Specialties Inc. and Bach-Simpson Corp. from Global Railway Industries Ltd. for about $45 million.

The purchase of G&B Specialties is expected to close by July 31 and acquisition of Bach-Simpson is expected to close by Oct. 31, subject to certain closing conditions.

G&B Specialties manufactures railroad track and signaling products; Bach-Simpson designs and builds electronic instrumentation devices for rail and transit markets.