Mon, Jul. 27, 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.
Feb. 1, 2013, 11:27 AMWabtec (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 | Comment!
Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the rail industry. It provides its products and services through two main business segments, the Freight and Transit.
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