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GE Transportation is a division of Wabtec. It was known as GE Rail and owned by General Electric until sold to Wabtec on February 25, 2019. The organization manufactures equipment for the railroad, marine, mining, drilling and energy generation industries. The company was founded in 1907.
In November 2010, Wabtec acquired all of the assets of Swiger Coil Systems, a Cleveland-based manufacturer of traction motors and electric coils for rail and power generation markets, for approximately $43.0 million. [26] On June 14, 2012, Wabtec acquired Mors Smitt Holding for a purchase price of $88.4 million. [27]
The General Electric logo has a blue circle with a white outline. It has four white lines which "suggest the blades of a midcentury tabletop fan." In the center of the circle is the letters "GE." Its design has changed little throughout the company's history. The logo is officially known as the Monogram but is also known by some as "the ...
Based on the number of shares of GE and Wabtec common stock outstanding on Dec. 31, GE shareholders are also expected to get about 0.005403 of a share of Wabtec common stock for each share of GE ...
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The rail products and services provider remains on track to achieve its 2019 guidance.
GE completes spin-off of GE HealthCare [37] 2024 GE completes spin-off of GE Vernova. The company is now known as GE Aerospace and ceases to exist as a conglomerate, the General Electric Company name retired after 130 years. [36] [37]
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