Wabtec Signs $700 Million Plus Services Deal With La Compagnie du TransGuinéen

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Wabtec Corporation announced a more than $700 million long-term services agreement with La Compagnie du TransGuinéen to support its fleet of new Evolution Series locomotives. The agreement is Wabtec's largest services contract in Africa and, combined with the 2024 locomotive orders, brings its total value to more than $1.2 billion for the Simandou project. CTG's over 600-kilometer railway connects the Simandou mine to the Port of Morebaya, forming a critical transportation corridor for one of the world's largest untapped reserves of high-grade iron ore, as well as passengers and non-mining goods. The multi-year customized services agreement covers scheduled and unscheduled maintenance, parts and components overhauls, parts management, logistics support, training, advanced remote diagnostics, and a strong localization component, supporting CTG's fleet of Wabtec ES43AC locomotives powered by 4,500-horsepower Evolution Series engines. Sameer Gaur, President of Global Freight Services for Wabtec, said the agreement is designed to help maximize locomotive availability, efficiency, and reliability while supporting local capabilities through workforce development, skills training, and partnerships with Guinean businesses.

Impact on assets 1

Industrials▲ · 1 stocks
Westinghouse Air Brake Technologies Corp
WAB
▲ PositiveDemandrelevance

Wabtec signed a $700M+ long-term services agreement with CTG, its largest services contract in Africa, for maintenance and support of its Evolution Series locomotive fleet.

Off-coverage companies 1

La Compagnie du TransGuinéenPrivate± Mixed
relevance

CTG is the counterparty signing the services deal, but the article does not assess the impact on CTG itself.

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