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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.
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%.
The Wabtec FLXDrive platform (pronounced "flex-drive") is a class of battery-electric locomotives manufactured by Wabtec's GE Transportation subsidiary beginning in 2019. Using a modified version of the GE Evolution Series platform, FLXdrive is Wabtec's first zero-emissions locomotive, storing energy in 20 racks of lithium-ion battery cells. [ 1 ]
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SCHENECTADY, N.Y.--(BUSINESS WIRE)-- GE's [NYSE: GE] Energy Storage business announced today the first European sale of its Durathon* energy storage system. Western Power Distribution (WPD), a ...
Westinghouse Air Brake Technologies, more conveniently known as Wabtec , has added a new asset to its portfolio. The company announced it acquired Longwood Industries, a privately held maker of ...
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
There's no foolproof way to know the future for Wabtec (NYS: WAB) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your stock ...