Wabtec acquires GE Transportation aftermarket business
USA: Wabtec Corp announced its acquisition of a North American passenger rolling stock aftermarket parts business from GE Transportation on June 30.
The business which is being taken over supplies mainline and metro traction and control system parts, with annual sales of $15m. It will become part of Wabtec Global Services.
The deal 'expands our transit aftermarket and service capabilities, with critical components related to propulsion and electronic controls', said Wabtec President & CEO Albert J Neupaver. 'Nearly 5 000 transit cars in North America contain these GE components, giving Wabtec the opportunity to expand our content on a substantial installed base of rolling stock as transit agencies overhaul and maintain their equipment.'