A Power Matla led consortium recently acquired 25% of Wabtec Holdings SA, the South African subsidiary of US based NYSE listed Wabtec Corporation, a leading global provider of equipment, systems, digital solutions, and value-added services for freight rail, transit, mining and marine industries. The group comprises the old GE Transportation and Westinghouse Airbrake Technologies.
Power Matla owns 60% of the consortium and has a effective 15% equity interest in the business.