Faiveley Transport

Faiveley pumps up Wabtec quarter

Recent acquisitions helped boost results for component and systems provider Wabtec Corp. in the third quarter as sales of existing equipment in the transit and freight categories faced “challenging market conditions.”

Wabtec reports first quarter EPS of $1.02

Wabtec Corporation on April 26, 2016 reported results for first-quarter 2016, with higher sales in the company’s Transit Group more than offset by lower sales in the Freight Group, leading to $772 million in sales for the quarter. Changes in foreign exchange rates reduced sales by about $18 million compared to the year-ago quarter.

Wabtec, Faiveley Transport commit to acquisition

Wabtec Corp. on Oct. 6, 2015 signed a definitive agreement with members of the Faiveley family to acquire approximately 51% of Faiveley Transport S.A., a provider of integrated systems and services for the railway industry with annual sales of about $1.2 billion. The total purchase price is about $1.8 billion, including assumed debt.