The firm deployed a national team for the deal to succeed
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K&L Gates has advised as a NYSE-listed company buys a Perth-based developer of railway systems technologies.
The global firm acted for Westinghouse Air & Brake Technology Group (Wabtec), which acquired Lynxrail, the railroad technology division of Lynx Engineering Consultants Pty Ltd.
Wabtec offers products and services for rail and industrial markets around the world. Lynx Engineering, which was established in Perth in 1993, is known in the rail industry for its wayside and on-board condition based monitoring systems.
The K&L Gates team that advised Wabtec on all legal aspects of the transaction was led by Melbourne M&A partner John Mann. The team included Perth corporate partner Adam Levine, senior associate Danielle Larkin, and graduate Xanthe Shaw.
Mann said that the acquisition gives Wabtec a company known for innovation in the rail industry. The firm deployed a national team to achieve a successful result in the deal, he said.
Financial details of the transaction were not disclosed.
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