Swedish-based Dellner Couplers, the global manufacturer of coupling systems and gangways, is to be acquired by US conglomerate Wabtec Corporation, under the terms of a definitive agreement announced on 18 March 2025.
Founded in 1941 in Vika, Sweden, Dellner evolved from a family-owned business into a trusted provider of safety-critical train connection systems and services for rail manufacturers and operators worldwide.
After the company was taken over by EQT Private Equity in 2019, it expanded its product portfolio –including the acquisition of CAF MiiRA’s coupling business – and increased investment in research and development.
Nils Ketter, Partner in the EQT Private Equity advisory team, commented: “Dellner plays a crucial role in train connectivity, supporting the global shift toward greener mobility.
“We are deeply impressed by the Dellner team’s dedication to innovation and operational excellence.
“As Dellner joins Wabtec, it will benefit from a strong platform for future growth, and we are confident that the Company will continue to thrive in delivering exceptional value to its customers.”
Fredric Håkansson, CEO of Dellner, added: “EQT has been instrumental in Dellner’s transformation, helping us professionalize our organization, enhance our product portfolio, and reinforce our sustainability commitments.
“This transaction reflects the hard work and dedication of our entire team.
“As part of Wabtec, we look forward to driving further innovations and delivering best-in-class solutions to customers worldwide.”
“This acquisition will significantly enhance the capabilities of our Transit business, allowing us to provide an attractive offering for customers and opening further opportunities for expansion,” said Pascal Schweitzer, President of Wabtec Transit.
“The strength of Dellner Couplers’ portfolio of products and services, along with the management team’s track record of delivering industry-leading financial results will accelerate our long-term profitable growth strategy.”
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