Search results
Results From The WOW.Com Content Network
On May 21, 2018, GE and Wabtec confirmed the merger of GE Transportation with Wabtec in an $11 billion deal, completed on February 25, 2019, which saw Wabtec shareholders take a 50.8% shareholding in the merged company, with GE shareholders owning 24.3% and GE itself 24.9%.
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 former GE Transportation division merged with Wabtec on February 25, 2019, leaving GE with a 24.9% holding in Wabtec. [215] On July 1, 2020, GE Lighting was acquired by Savant Systems and remains headquartered at Nela Park in East Cleveland, Ohio. [216]
For premium support please call: 800-290-4726 more ways to reach us
Wabtec's (WAB) deal with GE Transportation, expected to close early next year, should significantly expand product portfolio of the former. The company's current-year outlook is encouraging as well.
GE Oil & Gas acquires Vetco Gray for US$1.9 billion. [19] [20] 2007 GE Plastics is sold to SABIC for US$11.6 billion. [21] 2008 GE Oil & Gas acquires Hydril Pressure & Control for US$1.12 billion from Tenaris, who retains possession of Hydril Premium Connections. [22] [23] 2008 GE Co. acquires Vital Signs Inc. for US$860 million [24] 2009
For premium support please call: 800-290-4726 more ways to reach us
The Evolution Series is a line of diesel locomotives built by GE Transportation Systems (now owned by Wabtec), initially designed to meet the U.S. EPA's Tier 2 locomotive emissions standards that took effect in 2005. The line is the direct successor to the GE Dash 9 Series. The first pre-production units were built in 2003.