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Press Release
  • Wabtec Issues Statement Regarding Planned Merger with GE Transportation

    09/14/2018

    WILMERDING, PA, Sept. 14, 2018 – Wabtec Corporation (NYSE: WAB) today issued the following statement regarding its planned merger with GE Transportation:
     
    “The company continues to make progress in its planned merger with GE Transportation, including today the successful execution and settlement of $500 million of three-year Floating Rate Notes and $2 billion of five-year and 10-year Senior Notes to fund a majority of the cash requirements for the transaction.  Wabtec expects the transaction to be completed by early 2019.  The company affirms the material financial aspects of the transaction announced in May, including GE Transportation’s estimated adjusted EBITDA growing to…

  • Wabtec to Exhibit at Innotrans 2018 In Berlin; Focusing on Passenger Experience, Green Solutions, and Whole-Life Support

    09/13/2018

    WILMERDING, PA, September 13, 2018 – Wabtec Corporation (NYSE: WAB) said it will exhibit at InnoTrans, the railway industry’s largest trade fair, to be held in Berlin, Germany, from Sept. 18-25. At the event, the company will focus on three key areas: Passenger Experience, Green Solutions and Whole-Life Support. Each will be represented in Freight Rail and Passenger Transit solutions on display, as well as in connectivity technologies.
     
    Wabtec will showcase Transit Braking Solutions, including Faiveley MetroFlexx®, the new versatile integrated brake control system for mass transit designed for service brake, emergency brake, and wheel side…