Wabtec (WAB +3%) gains after announcing earlier that it's acquired Dutch rail and industrial...

|By:, SA News Editor

Wabtec (WAB +3%) gains after announcing earlier that it's acquired Dutch rail and industrial electronics manufacturer Mors Smitt Holding for $88M from investment firm Eurazeo (EUZOF.PK). The acquisition will give WAB a broader array of offerings for the locomotive and rail car markets.