By Andrew Corselli, Managing Editor, Railway Age Magazine; February 25, 2019
Wabtec Corporation has completed its merger with GE Transportation. The combined company, which is expected to boast revenues greater than $8 billion in 2019, has a compelling growth profile—especially as market conditions improve in its industries. Wabtec announced the transaction completion at the same time as its 4Q18 and full-year 2018 financials.
With the transaction, Wabtec said it “has established itself as a Fortune 500 global transportation and logistics leader by combining its broad range of freight, transit and electronics products with the former business unit of GE’s equipment, services and digital solutions in the locomotive, mining, marine, stationary power and drilling industries.” Furthermore, Wabtec will now be included in the S&P 500 Index.