Wabtec completes acquisition of majority stake in Faiveley Transport

Wabtec has completed its purchase of the Faiveley family's 51% stake in Faiveley Transport.

INDUSTRY: 'The acquisition of Faiveley Transport is an excellent strategic fit, expanding our geographic presence, broadening our product and service capabilities, and strengthening our technology and innovation initiatives', said Wabtec Executive Chairman Albert J Neupaver on November 30, when the US-based group completed its purchase of the Faiveley family's 51% ...

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