Amsted to buy Faiveley’s US brake business as part of Wabtec settlement

Wabtec expects to complete its acquisition of the Faiveley family’s shares in Faiveley Transport by the end of the year.

USA: The Department of Justice announced on October 26 that in order to alleviate its concerns about Wabtec’s proposed US$1·8bn acquisition of Faiveley Transport it would require Wabtec to entirely divest Faiveley Transport North America’s wagon brakes business to a single independent buyer.

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