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Wabtec manufactures products for locomotives, freight cars and passenger transit vehicles, and builds new locomotives up to 6,000 horsepower (4 MW). It is a Fortune 500 company. [8] [9] The company purchased GE Transportation on February 25, 2019.
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.
Wabtec renamed the Boise Locomotive division to "MotivePower" in 2000. [4] MotivePower continues as a wholly owned subsidiary of Wabtec. [ 5 ] On September 18, 2019 several months following Wabtec's merger with GE Transportation , Wabtec announced the MotivePower Boise plant will close in early 2020 and production shifted to Wabtec's legacy GE ...
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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 ...
GE-Aviation acquires Smiths Aerospace for £2.4 billion 2007 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
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