M&A Deal Summary

Union Pacific Acquires Wabtec - FLXdrive Battery-Electric Locomotive

On January 28, 2022, Union Pacific acquired transportation company Wabtec - FLXdrive Battery-Electric Locomotive from Wabtec

Acquisition Highlights
  • This is Union Pacific’s 4th transaction in the Transportation sector.
  • This is Union Pacific’s 5th transaction in the United States.
  • This is Union Pacific’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2022-01-28
Target Wabtec - FLXdrive Battery-Electric Locomotive
Sector Transportation
Buyer(s) Union Pacific
Sellers(s) Wabtec
Deal Type Divestiture

Target

Wabtec - FLXdrive Battery-Electric Locomotive

Wilmerding, Pennsylvania, United States
Wabtec's FLXdrive Battery-Electric Locomotive includes 2.5-MWh locomotives are each powered solely by 7,000 battery cells, providing Union Pacific a zero-emission solution for its yard operations.

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Buyer(S) 1

Buyer

Union Pacific

Omaha, Nebraska, United States

Category Company
Founded 1862
Sector Transportation
Employees32,439
Revenue 24.3B USD (2024)
DESCRIPTION
Union Pacific's corporate headquarters in downtown Omaha, Nebraska.
Union Pacific's corporate headquarters in downtown Omaha, Nebraska.

Union Pacific is a transportation company whose principal operating company, Union Pacific Railroad, is a railroad franchise serving the Western half of the United States. Union Pacific was founded in 1862 and is based in Omaha, Nebraska.


DEAL STATS #
Overall 5 of 6
Sector: Transportation M&A 4 of 5
Type: Divestiture M&A Deals 2 of 2
State: Pennsylvania M&A 1 of 1
Country: United States M&A 5 of 6
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-28 Progress Rail - Battery-Electric Locomotives

Albertville, Alabama, United States

Progress Rail's Battery-Electric Locomotives Includes 10 Battery electric locomotives.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-29 Norfolk Southern

Atlanta, Georgia, United States

Norfolk Southern primarily engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States. Norfolk Southern also transports overseas freight through several Atlantic and Gulf Coast ports and provides comprehensive logistics services through an extensive intermodal network in the eastern half of the United States. Norfolk Southern was formed in 1980 and is based in Atlanta, Georgia.

Buy $85.0B

Seller(S) 1

SELLER

Wabtec

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1869
Sector Machinery
Employees29,500
Revenue 10.4B USD (2024)
DESCRIPTION

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.


DEAL STATS #
Overall 3 of 3
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: Pennsylvania M&A 3 of 3
Country: United States M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 MASU - Railway Friction Business

Delhi, India

MASU's Railway Friction Business is a manufacturer of friction products for the rail industry.

Buy $34M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-20 Trimble - Beena Vision Business

Sunnyvale, California, United States

Trimble’s Beena Vision Business is a manufacturer of machine vision-based wayside inspection systems for the railroad industry. The business provides vision-based wayside detectors for the rolling stock maintenance market. Its non-contact measurement technology provides a highly detailed condition assessment of train components ranging from wheel surface condition to full train inspection while operating in service and at high speeds. Beena Vision's wayside systems enable Train Operating Companies (TOCs) to manage fleet maintenance through cutting-edge sensor and image-based inspection systems. Real-time alarms, alerts, and reports enable significant reductions in maintenance costs, improve safety and increase fleet availability. Beena Vision systems are installed at many major North American Class 1 railroads, as well as other worldwide TOCs.

Buy -