Business

Wabtec to buy Faiveley Transport for US$1·8bn

By 2015-07-27T14:50:00

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FRANCE: On July 27 Wabtec Corp announced plans to acquire Faiveley Transport in a deal which would ‘create one of the world’s largest public rail equipment companies’, with revenues of US$4·5bn and a presence in ‘all key freight rail and passenger transit geographies worldwide.’

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