Milbank LLP advises the EQT VIII fund ("EQT") on the sale of Dellner Couplers ("Dellner"), a leading global provider of train connection systems for passenger rail, to Wabtec Corporation (NYSE: WAB). The transaction values Dellner at approx. EUR 890 million.
Dellner Couplers is a global leader in train connection systems, providing safety-critical components and services to rail manufacturers and operators worldwide. Founded in 1941 in Vika, Sweden, Dellner has grown from a family-owned business into one of the most trusted partners of the global rail industry with a strong presence across Europe, North America, and Asia. Its advanced product portfolio includes couplers, gangways, dampers, and aftermarket services, supporting reliable and efficient rail transportation.
The Milbank team is led by partner Steffen Oppenländer (Corporate/M&A, Munich) and includes partners Paul Buchan (Corporate/M&A, London), and Alexander Rinne (Regulatory, Munich), special counsel Andrew Callaghan (Tax, London), as well as associates Markus von Lutterotti, Lea-Marie Weischede, Felix Wild (all Corporate/M&A, Munich), and Jan Maas (Regulatory, Munich).
