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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 ...
In March 2010, Wabtec announced that it had purchased Xorail, a railway signaling design and construction company for $40 million. [22] [23] In July 2010, Wabtec announced the plan to purchase two manufacturers of rail equipment, G&B Specialties and Bach-Simpson Corp. [24] The companies produce track products and locomotive components respectively.
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.
General Electric has agreed to merge its transportation segment with Wabtec, with total proceeds to the company and its shareholders exceeding $10 billion.
Westinghouse Air Brake Technologies Corp (NYSE: WAB ) will merge with the transportation segment of General Electric Company (NYSE: GE ) to create Transportation Systems Holdings, a rail equipment ...
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 ...
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.
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