M&A Deal Summary

Wabtec Acquires GE Transportation

On May 21, 2018, Wabtec acquired transportation company GE Transportation from General Electric for 11.1B USD

Acquisition Highlights
  • This is Wabtec’s 2nd transaction in the Transportation sector.
  • This is Wabtec’s largest (disclosed) transaction.
  • This is Wabtec’s 18th transaction in the United States.
  • This is Wabtec’s 3rd transaction in Illinois.

M&A Deal Summary
Date 2018-05-21
Target GE Transportation
Sector Transportation
Buyer(s) Wabtec
Sellers(s) General Electric
Deal Type Merger
Deal Value 11.1B USD

Target

GE Transportation

Chicago, Illinois, United States
website
GE Transportation is a supplier of equipment, services and digital solutions to the rail, mining, marine, stationary power and drilling industries.

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Buyer(S) 1

Buyer

Wabtec

Wilmerding, Pennsylvania, United States

website

Category Company
Founded 1869
Sector Machinery
Employees27,000
Revenue 7.6B USD (2020)
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 Wilmerding, Pennsylvania.

DEAL STATS #
Overall 37 of 43
Sector (Transportation) 2 of 2
Type (Merger) 1 of 1
State (Illinois) 3 of 4
Country (United States) 18 of 23
Year (2018) 2 of 2
Size (of disclosed) 1 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-26 ANNAX Anzeigesysteme

Brunnthal, Germany

Annax is a provider of public address and passenger information systems (PAPIS) for transit vehicles. ANNAX Anzeigesysteme was founded in 1996 and is based in Brunnthal, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 RELCO Locomotives

Lisle, Illinois, United States

RELCO Locomotives, Inc. is a provider of total solutions to railroads for locomotives, modernizations and works train repairs; transit agencies; OEMs’ industrial companies; and government agencies throughout North America.

Buy $29M

Seller(S) 1

SELLER

General Electric

Boston, Massachusetts, United States

website

Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 76.6B USD (2022)
DESCRIPTION

General Electric is a diversified technology and financial services corporation. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 35 of 44
Sector (Transportation) 1 of 1
Type (Merger) 2 of 2
State (Illinois) 2 of 2
Country (United States) 27 of 34
Year (2018) 1 of 5
Size (of disclosed) 2 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-25 GE Industrial Solutions

Fairfield, Connecticut, United States

GE Industrial Solutions is a provider of an electrical solutions at the crossroads of digital and industrial – smart, rugged and equipped to control electricity from the grid to its point of use.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-25 INNIO

Jenbach, Austria

INNIO is a provider of gas engines, power equipment, a digital platform, and related services for power generation and gas compression at or near the point of use. INNIO was founded in 2018 and is based in Jenbach, Austria.

Sell $3.3B
Mergr

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