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.
Wabtec Corp. Executive Vice President and Chief Operating Officer Stéphane Rambaud-Measson has resigned from his position and as a Director of the company “to pursue other interests,” Wabtec announced on Feb. 12.
Wabtec Corp. and General Electric (GE) announced Jan. 25 that the planned merger of Wabtec and GE Transportation is expected to close by the end of February 2019, “subject to satisfaction or waiver of customary closing conditions.” The two have modified the terms of their merger agreement and have publicly filed S4 and S1 registration statements, respectively, with the U.S. Securities and Exchange Commission (SEC).
When building any radio system, the scarcest and most precious system component is not the radios, the antennas nor the towers, but available “clean” radio channels on which to transmit. That’s why specialized narrow-beam antennas can ease frequency planning and reduce interference for railroad communications.
TEXRail inaugurated passenger rail services between Dallas/Fort Worth International Airport, Grapevine and central Fort Worth on January 10 with the inauguration of the 28-mile commuter line.
Nothing says fundamental transformation quite like Norfolk Southern’s new Network Operations Center, a murmuring, windowless bunker where the Class I has aggregated its dispatching in downtown Atlanta.
The American Short Line and Regional Railroad Association has entered into an agreement with Wabtec Railway Electronics, Inc. to provide Positive Train Control (PTC) support to its members via the Wabtec Cloud Multi-Tenant Back Office (MTBO) solution.
Wabtec Corp. today said it is progressing with its proposed merger with GE Transportation and filed a proxy statement with the SEC.
CN has added 60 units to its initial 200-unit order of GE Transportation Tier 4 Evolution™ Series locomotives placed in December 2017. All the CN locomotives are being produced at the GE Manufacturing Solutions facility in Fort Worth, Tex.
Rajant Corp., a provider of mobile wireless mesh networks, has entered into a strategic partnership with Wabtec Corp. to jointly develop and market Rajant’s Kinetic Mesh® wireless networking products to rail operators worldwide. Wabtec has made a minority equity investment in Rajant.