WAB
Westinghouse Air Brake Technologies CorporationNYSE
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  • Jul. 27, 2015, 8:52 AM
    • Wabtec (NYSE:WAB) agrees to acquire Faiveley Transport, a France-based provider of value-added, integrated systems and services for the railway industry, in a cash and stock deal valued at ~$1.8B, including assumed debt.
    • WAB expects the combined company will have revenues of ~$4.5B and a presence in all key freight rail and passenger transit geographies worldwide; it expects to realize at least €40M in annual pre-tax synergies from the combination, and for the transaction to be accretive to earnings in 2016.
    | Jul. 27, 2015, 8:52 AM
  • Feb. 1, 2013, 11:27 AM

    Wabtec (WAB +2.8%) moves higher today after saying it's acquired Napier Turbochargers, a UK -based provider of turbochargers and related parts for the worldwide power generation and marine markets with annual sales of about $55M. WAB expects the transaction to be accretive in the first year.

    | Feb. 1, 2013, 11:27 AM