Construction M&A » By The Online Investor Staff, updated Thu., Apr. 25, 7:45 AM
Recent mergers and acquisitions in the Construction M&A category.
Slide #27. Wabtec Corporation — Fandstan
Acquirer: |
Wabtec Corporation (NYSE:WAB) |
Acquiree: |
Fandstan |
Details: |
Wabtec Corporation (NYSE: WAB) has signed a definitive agreement to acquire Fandstan Electric Group Ltd., a leading rail and industrial equipment manufacturer, for cash of about $215 million. Based in London, England, Fandstan Electric has annual sales of about $235 million. Wabtec expects the transaction to be completed in the first quarter of 2014, subject to customary closing conditions and competition authority clearance. |
Wabtec primarily serves the global freight rail and passenger transit industries. Co. provides its products and services via two main segments: the Freight, which manufactures and provides aftermarket parts and services for new locomotives; provides components for new and existing locomotives and freight cars; builds new commuter locomotives; supplies rail control and infrastructure products including electronics, positive train control equipment, signal design and engineering services; and provides a suite of software-enabled solutions in the transportation and mining industries; and the Transit, which manufactures and services components for new and existing passenger transit vehicles.
WAB SEC Filing Email Alerts Service
Open the WAB Page at The Online Investor »
Company Name: |
Wabtec Corp |
Stock buyback: |
WAB buyback |
Website: |
www.wabteccorp.com |
Sector: |
Construction |
Number of ETFs Holding WAB: |
92 |
Total Market Value Held by ETFs: |
$4.30B |
Total Market Capitalization: |
$25.79B |
% of Market Cap. Held by ETFs: |
16.66% |
|
Open the WAB Page at The Online Investor (in a new window) »
|
April 25, 2024 7:45 AM Eastern
Buy (3.23 out of 4)
41st percentile
|
|