The Greenbrier Companies announced the successful completion of its previously announced investment in Amsted-Maxion Equipamentos e Serviços Ferroviários S.A. (Hortolândia, Brazil). The transaction was finalized at the end of April, increasing Greenbrier’s direct ownership position in the Brazilian company from 19.5% to 60%.
Amsted-Maxion Equipamentos e Serviços Ferroviários (Greenbrier-Maxion) is a leading South American railcar manufacturer with over 70% share of new railcar production in Brazil. It also offers a range of aftermarket services. These include railcar overhaul and refurbishment to address an aging railcar fleet, with more than 60% of the fleet at 30 years of age or older.
Greenbrier has also completed transactions increasing its ownership stake in Amsted-Maxion Cruzeiro from 19.5% to 24.5%. Amsted-Maxion Cruzeiro manufactures various castings and components for railcars and other heavy industrial equipment.
Through its majority ownership in Greenbrier-Maxion, Greenbrier is now the largest freight railcar builder in South America. Greenbrier is the second largest freight railcar builder in North America. Upon the closing of its Greenbrier-Astra Rail transaction, expected soon, Greenbrier will be the largest freight railcar builder in Europe.
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