Stephen Simpson, CFA
Alpha Gen Capital
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.
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