Wabtec - M&A Summary and Business Overview

MachineryCompany

Wabtec M&A Summary

Wabtec has acquired 48 companies, including 8 in the last 5 years. A total of 12 acquisitions came from private equity firms. It has also divested 3 assets.

Wabtec’s largest acquisition to date was in 2018, when it acquired GE Transportation for $11.1B. Wabtec has acquired in 13 different US states, and 13 countries. The Company’s most targeted sectors include machinery (29%) and manufacturing (20%).

Wabtec Business Overview

Where is Wabtec headquartered?

Wabtec is headquartered in Pittsburgh, Pennsylvania.

What is Wabtec’s revenue?

Wabtec disclosed revenue of 9,677M USD for 2023 and 8,362M USD for 2022.

How many employees does Wabtec have?

Wabtec has 29,000 employees.

What sector is Wabtec in?

Wabtec is a machinery company.

When was Wabtec founded?

Wabtec was founded in 1869.

M&A Summary

  • M&A Total Activity48
    • M&A Buy Activity45
    • M&A Sell Activity3
  • Total Sectors Invested 13
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 22
  • M&A Advisors 2

Wabtec

Wabtec Corp.

30 Isabella Street,
Pittsburgh, Pennsylvania 15212
United States,
(412) 825-1000
www.wabteccorp.com

Wabtec is a provider of value-added, technology-based products and services for the rail industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars, and passenger transit vehicles. Wabtec builds new switcher and commuter locomotives and provides aftermarket services, including locomotive and freight car fleet maintenance. Wabtec was formed in 1869 and is based in Pittsburgh, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.6/yr) # 37 1 1 3 1 2 45
vol $12.3B $29M $400M $34M $230M $13.0B
Sell (0.6/yr) # - 1 1 1 - - 3
  48

Most Recent M&A

Company Date Value Type
Kompozitum s.r.o. 2024-11-12 - Add-on Acquisition
Bratislava, Slovakia · www.kompozitum.com
Fanox Electronic S.L. 2024-11-12 - Add-on Acquisition
Derio, Spain · www.fanox.com
L&M Radiator, Inc. 2023-06-16 230M USD Add-on Acquisition
Street Hibbing, Minnesota · www.mesabi.com
Collins Aerospace - ARINC Rail Solutions Business 2022-06-16 - Divestiture
West Palm Beach, Delaware
Trimble, Inc. - Beena Vision Business 2022-04-20 - Divestiture
Sunnyvale, California
Wabtec - FLXdrive Battery-Electric Locomotive 2022-01-28 - Divestiture
Wilmerding, Pennsylvania
MASU - Railway Friction Business 2022-01-04 34M USD Divestiture
Delhi, India
Wabtec - FLXdrive Battery Locomotive 2021-09-13 - Divestiture
Wilmerding, Pennsylvania
Nordco, Inc. 2021-03-23 400M USD Add-on Acquisition
Oak Creek, Wisconsin · www.nordco.com
Wabtec Corp. - Shipper TMS 2020-09-15 - Divestiture
Wilmerding, Pennsylvania
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 13 (29%) 937M (7%) - -
Manufacturing 9 (20%) 48M (< 1%) - -
Electrical Equipment 8 (18%) 538M (4%) 1 (33%) -
Automotive 4 (9%) 99M (1%) - -
Transportation 2 (4%) 11.3B (87%) 1 (33%) -
Technology Hardware 2 (4%) - - -
Construction 1 (2%) - - -
Electronics 1 (2%) - - -
Engineering 1 (2%) 40M (< 1%) - -
Information Technology 1 (2%) - - -
Marketing 1 (2%) - - -
Safety/Security 1 (2%) - - -
Test/Measurement Equipment 1 (2%) - - -
Internet Software and Services - - 1 (33%) -
Total 45 $13.0B 3 -

By Geo

State/Country Buy Value Sell Value
United States 23 12.5B 3 -
  Pennsylvania 4 - 3 -
  Illinois 4 11.5B - -
  California 3 74M - -
  Ohio 2 36M - -
  North Carolina 2 - - -
  Wisconsin 1 400M - -
  Texas 1 - - -
  Tennessee 1 - - -
  Missouri 1 - - -
  Minnesota 1 230M - -
  Florida 1 40M - -
  Delaware 1 - - -
United Kingdom 5 79M - -
Canada 3 - - -
  Ontario 3 - - -
Australia 2 - - -
Brazil 2 - - -
Germany 2 52M - -
Italy 2 80M - -
Belgium 1 - - -
France 1 212M - -
India 1 34M - -
Netherlands 1 - - -
Slovakia 1 - - -
Spain 1 - - -
Domestic 23 (51%) 12.5B (96%) 3 (100%) -
Cross-border 22 (49%) 457M (4%) - -
Total 45 $13.0B 3 -

Top M&A Advisors

Financial Deals
Goldman Sachs
 1
Legal Deals
Jones Day
 2

Deal Values

buy # Total
> $1B 1 $11.1B
$100M to $1B 5 $1.4B
< $100M 10 $512M
TOTAL $13.0B
Largest GE Transportation
$11.1B (2018-05-21)

M&A Connections

Deals
Acquired from
Investor(s)
20%
9 (20%)
Strategic(s)
18%
8 (18%)
Divested to
Strategic(s)
100%
3 (100%)

Company Summary

SECTOR

Machinery

Revenue

9,677   16% 2023
8,362   7% 2022
7,822   4% 2021
7,556   8% 2020
8,200   88% 2019
4,364   13% 2018
3,882   33% 2017
2,931   12% 2016
3,308   9% 2015
3,044   19% 2014
2,566   8% 2013
2,391   2012
(millions of USD) Show More Show Less

Employees

29,000

Established

1869

Public

NYSE: WAB

Former Name

Westinghouse Air Brake Technologies Corporation

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