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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.
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 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 first spin-off of GE HealthCare was finalized on January 4, 2023; [146] GE continues to hold 10.24% of shares and intends to sell the remaining over time. [147] This was followed by the spin-off of GE's portfolio of energy businesses, which became GE Vernova on April 2, 2024.
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The following is a list of locomotives produced by GE Transportation Systems, a subsidiary of Wabtec. All were/are built at Fort Worth, Texas or Erie, Pennsylvania , in the United States. Most (except the electrics, the switchers, the AC6000CW, and the Evolution series) are powered by various versions of GE's own FDL diesel prime mover, based ...
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