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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 ...
On April 1, 2017 Hewlett Packard Enterprise's enterprise service division acquired [7] CSC to form the new company called DXC Technology. On February 25, 2019 General Electric completed the transfer of its transportation products division to Wabtec, receiving a distribution of Wabtec shares and $2.9 billion cash. [8]
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 company was founded in 1907.
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Since 2002, ExpressYard provided software as a service for contract repair shops and railroads to manage the billing for railcar repair work. [5] On January 3, 2012 GE Transportation announced the completion of its acquisition of RMI from the Carlyle Group. [6] In 2019, it became part of Wabtec. [7]