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OT: Two longtime RR suppliers merging

May 21, 2018 11:10AM
Wabtec (successor to Westinghouse Air Brake Company) announced today they are merging into then buying GE Transportation (including the locomotive and transit business). Combined business will double Wabtec's current size. After transaction is completed in early 2019, initially Wabtec stockholders will own 49.9%, GE stockholders will own 40.2% and GE retains 9.9%. Wabtec already owns many other rail related companies including MPI (Former M-K locomotive builder/rebuilder in Boise) and Graham-White-Salem (locomotive auxiliary air device supplier).
Subject Author Posted

OT: Two longtime RR suppliers merging

Dan Robirds May 21, 2018 11:10AM

Re: OT: Two longtime RR suppliers merging

Brian Norden May 21, 2018 07:54PM

Re: OT: Two longtime RR suppliers merging

John Cole May 22, 2018 06:07AM

Re: OT: Two longtime RR suppliers merging

Clyde Putman May 22, 2018 12:14PM

Re: OT: Two longtime RR suppliers merging

usmc1401 May 22, 2018 01:58PM

Re: OT: Two longtime RR suppliers merging

Earl May 22, 2018 02:21PM

Re: OT: Two longtime RR suppliers merging

Chris Walker May 22, 2018 05:07PM



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