Wabtec - M&A Summary and Business Overview

MachineryCompany

Wabtec M&A Summary

Wabtec has acquired 46 companies, including 6 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 11 countries. The Company’s most targeted sectors include machinery (31%) and manufacturing (19%).

Wabtec Business Overview

Where is Wabtec headquartered?

Wabtec is headquartered in Wilmerding, Pennsylvania.

What is Wabtec’s revenue?

Wabtec disclosed revenue of 7,556M USD for 2020 and 8,200M USD for 2019.

How many employees does Wabtec have?

Wabtec has 27,000 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 Activity46
    • M&A Buy Activity43
    • M&A Sell Activity3
  • Total Sectors Invested 13
  • Total Countries Invested 11
  • M&A Buy/Sell Connections 22
  • M&A Advisors 2

Wabtec

Wabtec Corp.

1001 Air Brake Avenue,
Wilmerding, Pennsylvania 15148
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 Wilmerding, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 37 1 1 3 1 - 43
vol $12.3B $29M $400M $34M $230M $13.0B
Sell (0.6/yr) # - 1 1 1 - - 3
  46

Most Recent M&A

Company Date Value Type
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
RELCO Locomotives, Inc. 2020-01-08 29M USD Add-on Acquisition
Lisle, Illinois · www.relcolocomotives.com
GE Transportation 2018-05-21 11.1B USD Merger
Chicago, Illinois · www.getransportation.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 13 (30%) 937M (7%) - -
Manufacturing 8 (19%) 48M (< 1%) - -
Electrical Equipment 7 (16%) 538M (4%) 1 (33%) -
Automotive 4 (9%) 99M (1%) - -
Transportation 2 (5%) 11.3B (87%) 1 (33%) -
Technology Hardware 2 (5%) - - -
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 43 $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 - - -
Domestic 23 (53%) 12.5B (96%) 3 (100%) -
Cross-border 20 (47%) 457M (4%) - -
Total 43 $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)
21%
9 (21%)
Strategic(s)
19%
8 (19%)
Divested to
Strategic(s)
100%
3 (100%)

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