RELCO Locomotives, a suburban Chicago-based company with engineering and support services in Cedar Rapids, has agreed to be purchased by Wabtec Corp. for $29 million.
The cash-free and debt-free acquisition will expand Wabtec’s freight services capabilities and capacity to support growth in the remanufacturing and repair business........
https://www.thegazette.com/subject/news/business/relco-with-cedar-rapids-facility-sold-to-wabtec-20200109
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