Wabtec to merge with GE Transportation 21 May 2018 GE Transportation has a diesel locomotive production facility in Fort Worth, Texas. (Photo: Dave Lustig) INDUSTRY: Wabtec Corp has entered into a definitive agreement to merge with GE Transportation, the companies announced on May 21. The transaction is expected to close in early 2019, subject to…
Posts published in “Day: May 21, 2018”
* Unloads parts of transportations unit in $11.1 bln deal * GE to receive $2.9 bln cash upfront * Resulting company to generate $8 bln in revenues * GE, shareholders to have 50.1 pct stake in merged firm (Adds details on the deal, Breakingviews link, updates shares) May 21 (Reuters) - General Electric Co announced…
General Electric confirmed it will merge its transportation business with Wabtec, a U.S. manufacturer of equipment for the rail industry, in a deal valued at about $11.1 billion. GE and its shareholders will own 50.1 percent of the combined company, while Wabtec shareholders will own the rest, the companies said in a statement. Pared back…
Providing ‘pertinent, targeted and predictive’ information to operating staff 21 May 2018 UK: ‘If it works for CrossCountry it will work for any operator’, the inter-city operator’s Duty Control Manager Matthew Reeves told Railway Gazette International at the unveiling of Arrakis, a software suite which technology company Nexus Alpha has developed with the aim of…