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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. The company was founded in 1907.
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 ...
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
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.
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 ...
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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