Wabtec agrees to buy Poli SpA for $82.6 million

Wabtec said it expects the deal to close in the third quarter, pending customary closing conditions. The company predicts the acquisition will boost earnings within a year.

Poli, which has made various brake components for passenger and freight trains since 1952, has annual sales of about 30 million euros ($46.7 million). Wabtec had 2007 sales of about $1.36 billion.