Wabtec Corp. and RPC-UWC (Russian Research and Production Corporation-United Wagon Company) have signed a 10-year agreement for supply of freight car truck castings to the U.S. The joint venture was announced at the Fifth International Fair of Railway Equipment and Technologies EXPO 1520 in Sherbinka, near Moscow.
Wabtec has confirmed that it plans to acquire Faiveley Transport for a total purchase price of $1.8 billion, including assumed debt, which if approved, will create one of the world’s largest rail equipment supply companies.
Wabtec Corp. on June 23, 2015 reported record results for second-quarter 2015.
Wabtec Corp. has acquired Metalocaucho, a European-based manufacturer of transit products, primarily rubber components for passenger car suspension and vibration control systems.
Wabtec Corp. on Wednesday, Feb. 18, 32015, reported record results for 2014, with expectations of repeating the accomplishment in 2015.
Wilmerding, Pa.-based Wabtec Corp. has acquired Railroad Controls L.P., a provider of railway signal construction services with annual revenue of about $75 million in 2014.
Wabtec Corp. on Tuesday, Oct. 28, 2014 announced “record results” for its third quarter, led by record earnings per diluted share of 93 cents, up 22% from the comparable quarter in 2013. That handily beat Wall Street’s consensus analyst estimate of 89 cents per share.
Wilmerding, Pa.-based Wabtec Corp. said Monday, Sept. 8, 2014 it and its subsidiaries will exhibit in Stand No. 103. Hall 1.2, at InnoTrans 2014 in Berlin, Germany, being held Sept. 23-26.