# Wabtec > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/Wabtec > Markdown URL: https://mediated.wiki/source/Wabtec.md > Source: https://en.wikipedia.org/wiki/Wabtec > Source revision: 1355349901 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) {{short description|American manufacturing company}} {{Use mdy dates|date=April 2013}} {{Infobox company | name = Westinghouse Air Brake Technologies Corporation | logo = Wabtec Logo.svg | logo_size = 210px | trade_name = Wabtec Corporation | type = [Public](/source/Public_company) | traded_as = {{NYSE|WAB}}
[S&P 500](/source/S%26P_500) component{{cite news |last1=Chang |first1=Sue |title=Wabtec to replace Goodyear Tire on S&P 500 Feb. 27 |url=https://www.marketwatch.com/story/wabtec-to-replace-goodyear-tire-on-sp-500-feb-27-2019-02-21 |access-date=23 March 2019 |agency=MarketWatch |date=21 February 2019}} | genre = | fate = | predecessor = | successor = | foundation = {{start date and age|1999}} via merger | founder = | defunct = | location_city = [Pittsburgh, Pennsylvania](/source/Pittsburgh%2C_Pennsylvania)[https://www.wabtec.com/fast-facts Wabtec corporation – fast facts] {{Webarchive|url=https://web.archive.org/web/20190326190032/https://www.wabtec.com/fast-facts |date=March 26, 2019 }} ''wabtec.com'' | location_country = United States | location = | locations = Various: US, Europe, Canada, Mexico, Australia, South America. ~50 plants | area_served = | key_people = {{ubl|Albert J. Neupaver{{wbr}} (chairman){{cite news|last1=Gough|first1=Paul J.|title=Neupaver named chairman of Wabtec|url=http://www.bizjournals.com/pittsburgh/news/2017/05/10/neupaver-named-chairman-of-wabtec.html|access-date=30 June 2017|publisher=[Pittsburgh Business Times](/source/Pittsburgh_Business_Times)|date=10 May 2017}}|Rafael Santana (president{{wbr}} and [CEO](/source/Chief_executive_officer))|John Olin (executive vice president and CFO{{cite news |last1=Zacks Equity Research |title=Wabtec Picks John Olin to Succeed Pat Dugan as CFO) |url=https://www.nasdaq.com/articles/wabtec-wab-picks-john-olin-to-succeed-pat-dugan-as-cfo-2021-08-13 |access-date=8 February 2024 |publisher=[Nasdaq](/source/Nasdaq)|date=August 13, 2021}}}} | industry = Rail industry | products = Rail braking systems, locomotives, air condition and heat exchanging systems, other rolling stock components | services = Locomotive servicing, overhaul and repair | revenue = {{increase}} {{US$|11.17 Billion}} (2025) | operating_income = {{increase}} {{US$|1,011 million}} (2022) | net_income = {{increase}} {{US$|641 million}} (2022) | assets = {{increase}} {{US$|18,516 million}} (2022) | equity = {{decrease}} {{US$|10,147 million}} (2022) | num_employees = 27,000 (2022) | divisions = {{ubl|[Dellner](/source/Dellner)|[Faiveley Transport](/source/Faiveley_Transport)|[GE Transportation](/source/GE_Transportation)|[MotivePower](/source/MotivePower)}} | subsid = | website = {{URL|wabteccorp.com}} | footnotes = Financials {{as of|2022|12|31|df=US|lc=y}}.
References:{{cite web|url=https://ir.wabteccorp.com/static-files/f4b804aa-7def-41f2-9864-d4f1c03c6eb3|title=Westinghouse Air Brake Technologies Corporation|date=February 15, 2023|access-date=April 11, 2023|archive-date=August 5, 2024|archive-url=https://web.archive.org/web/20240805110552/https://ir.wabteccorp.com/static-files/f4b804aa-7def-41f2-9864-d4f1c03c6eb3|url-status=dead}} }} thumb|Wabtec facility, Greensburg, Pennsylvania '''Westinghouse Air Brake Technologies Corporation''', commonly known as '''Wabtec''', is an American company formed by the merger of the [Westinghouse Air Brake Company](/source/Westinghouse_Air_Brake_Company) (WABCO) and [MotivePower](/source/MotivePower) in 1999.{{cite web|url=http://edgar.secdatabase.com/2867/95013799001925/filing-main.htm |title=Westinghouse Air Brake Co, Form 8-K, Current Report, Filing Date Jun 3, 1999 |publisher=secdatabase.com |access-date =May 10, 2018}}{{cite web|url=http://edgar.secdatabase.com/1994/95012899001152/filing-main.htm |title=Westinghouse Air Brake Co, Form 8-K, Current Report, Filing Date Nov 30, 1999 |publisher=secdatabase.com |access-date =May 10, 2018}} It is headquartered in [Pittsburgh](/source/Pittsburgh), [Pennsylvania](/source/Pennsylvania). Wabtec manufactures products for [locomotive](/source/locomotive)s, [freight cars](/source/Railway_freight_car) and [passenger transit vehicles](/source/Passenger_car_(rail)), and builds new locomotives up to {{convert|6000|hp|MW|0}}. It is a [Fortune 500](/source/Fortune_500) company.{{cite news |last1=Litvak |first1=Anya |title=Wabtec is the newest Fortune 500 company on the (North Shore) block |url=https://www.post-gazette.com/business/pittsburgh-company-news/2019/10/18/Wabtec-headquarters-fortune-500-santana-rail-peduto-Wilmerding-rail-GE-Transportation/stories/201910180050?cid=search |access-date=7 February 2024 |publisher=[Pittsburgh Post-Gazette](/source/Pittsburgh_Post-Gazette)|date=October 18, 2019}}{{cite web |title=Westinghouse Air Brake Technologies |url=https://fortune.com/company/westinghouse-air-brake-technologies/fortune500/ |website=Fortune |access-date=7 February 2024 }}{{Dead link|date=July 2025 |bot=InternetArchiveBot |fix-attempted=yes }} The company purchased [GE Transportation](/source/GE_Transportation) on February 25, 2019. ==History== The company's origins go back to 1869 with the founding of the [Westinghouse Air Brake Company](/source/Westinghouse_Air_Brake_Company). That company (known as WA&B and later also as WABCO) became independent in 1990 via a management buy-out, and went public in 1995.{{cite web|url=http://edgar.secdatabase.com/1280/162828018002245/filing-main.htm |title=Wabtec Corp, Form 10-K, Annual Report, Filing Date Feb 26, 2018 |publisher=secdatabase.com |access-date =May 10, 2018}} (Another company, [WABCO Vehicle Control Systems](/source/WABCO_Vehicle_Control_Systems), also created from the Westinghouse Brake Company, is independent of Wabtec. It was spun off by [American Standard Companies](/source/American_Standard_Companies) in 2007, and is today part of German automotive components firm [ZF Friedrichshafen](/source/ZF_Friedrichshafen).{{cite web|url=http://edgar.secdatabase.com/1807/119312507153724/filing-main.htm |title=American Standard Companies Inc, Form 8-K, Current Report, Filing Date Jul 12, 2007 |publisher=secdatabase.com |access-date =May 10, 2018}}) The other company forming Wabtec, [MotivePower](/source/MotivePower), can be traced back to 1972,{{cite web|url=http://edgar.secdatabase.com/138/95012898000629/filing-main.htm |title=MotivePower Industries, Inc, Form 10-K, Annual Report, Filing Date Mar 16, 1998 |publisher=secdatabase.com |access-date =May 10, 2018}} with the formation of the [MK Rail](/source/MK_Rail) division by [Morrison Knudsen](/source/Morrison_Knudsen) and the purchase of a manufacturing facility in [Boise](/source/Boise). In 1994 Morrison Knudsen created a subsidiary MK Rail Corporation; during the first half of the same decade the MK Rail group expanded with the acquisition of various other locomotive component companies.{{cite web|url=http://edgar.secdatabase.com/2431/91205794000742/filing-main.htm |title=MK Rail Corporation, Form 8-K, Current Report, Filing Date Mar 2, 1994 |publisher=secdatabase.com |access-date =May 10, 2018}} In 1996, MK Rail group separated from the parent Morrison Knudsen and adopted the name MotivePower Industries Corporation.{{cite web|url=http://pdf.secdatabase.com/2119/0000919563-97-000002.pdf |title=MK Rail Corporation, Form 10-K, Annual Report, Filing Date Mar 13, 1997 |publisher=secdatabase.com |access-date =May 10, 2018}} In the later half of the 1990s additional companies were acquired – again all in the locomotive components business.[http://www.motivepower-wabtec.com/about/history.php MotivePower Wabtec – history] ''motivepower-wabtec.com'' MotivePower, a wholly owned subsidiary of Wabtec, continues to manufacture locomotives. The corporate [logo](/source/logo) is said to represent an axial view of a mechanical brake valve, where different air ports line up between the 'stator' and 'rotor' depending upon the handle position.{{cite web|last=Lettenberger|first=Bob|title=Five mind-blowing facts — Wabtec |url=https://www.trains.com/trn/railroads/history/five-mind-blowing-facts-wabtec/|date=May 22, 2023|publisher=[Kalmbach Media](/source/Kalmbach_Media)|work=[Trains Newsletter](/source/Trains_(trains))|access-date=May 26, 2023}} On June 10, 2023, [United Electrical, Radio and Machine Workers of America](/source/United_Electrical%2C_Radio_and_Machine_Workers_of_America) workers at Wabtec's [Erie, Pennsylvania](/source/Erie%2C_Pennsylvania), plant went on strike. Issues included pay, healthcare benefits, paid time off, prohibitions on grievance strikes, and the number of tier-4 emission rules compliant locomotives built at the Erie plant.{{cite news |title=No proposals in latest bargaining session between Wabtec, union in Erie |url=https://eu.goerie.com/story/news/local/2023/07/26/wabtec-erie-pa-ue-506-618-strike-make-no-progress-in-latest-bargaining-sessons-federal-mediator/70471800007/ |access-date=28 July 2023 |work=[Erie Times-News](/source/Erie_Times-News)}}{{cite news |last1=Lyons |first1=Kim |title=Wabtec strike passes 30-day mark as workers push for greener locomotives |url=https://www.penncapital-star.com/energy-environment/wabtec-strike-passes-30-day-mark-as-workers-push-for-greener-locomotives/ |access-date=28 July 2023 |work=[Pennsylvania Capital-Star](/source/Pennsylvania_Capital-Star)|date=25 July 2023}}{{cite news |last1=Samora |first1=Sara |title=Why are workers at Wabtec's Pennsylvania manufacturing site striking? |url=https://www.manufacturingdive.com/news/what-is-going-on-at-wabtecs-pennsylvania-plant/688053/ |access-date=28 July 2023 |work=Manufacturing Dive |publisher=Informa |date=18 July 2023}}{{cite news |last1=Press |first1=Alex |title=Wabtec Workers Walk Out for Grievance Strikes and Green Locomotives |url=https://www.labornotes.org/2023/06/wabtec-workers-walk-out-grievance-strikes-and-green-locomotives |access-date=28 July 2023 |date=27 June 2023}} The strike ended on August 31 with an agreement that raised the pay of workers.{{cite news |last1=Martin |first1=Jim |title=10-week strike at Wabtec's Erie plant is over: UE votes to ratify tentative agreement |url=https://eu.goerie.com/story/news/2023/08/31/wabtec-erie-pa-union-ue-local-506-to-return-to-work-as-strike-ends/70728606007/ |access-date=1 September 2023 |work=Erie Times-News |date=31 August 2023}} ==Mergers and acquisitions== Examples of notable mergers and acquisitions by Wabtec include: * April 1998 - RFS Industries for $10 million, rebranding it to Wabtec Rail UK. New owner for RFS ''[Rail Express](/source/Rail_Express)'' issue 25 June 1998 page 11{{cite web |title=1998 FORM 10-K |url=https://ir.wabteccorp.com/static-files/55259b7f-280e-41a6-9034-1d972607ed1f |access-date=21 January 2026}} * March 2010 - Xorail, railway signaling design and construction company, for $40 million{{cite web |title=Wabtec Corporation, Form 8-K, Current Report, Filing Date Apr 27, 2010 |url=http://edgar.secdatabase.com/294/119312510094230/filing-main.htm |access-date=May 10, 2018 |publisher=secdatabase.com}}{{Cite web |title=Wabtec buys signalling supplier Xorail |url=http://www.railwaygazette.com/news/single-view/view/wabtec-buys-signalling-supplier-xorail.html |url-status=dead |archive-url=https://web.archive.org/web/20140813111918/http://www.railwaygazette.com/news/single-view/view/wabtec-buys-signalling-supplier-xorail.html |archive-date=August 13, 2014 |access-date=April 27, 2015}} * July 2010 - G&B Specialties, track products manufacturer, for $31.8 million{{cite web |title=Wabtec Corporation, Form 8-K, Current Report, Filing Date Jul 27, 2010 |url=http://edgar.secdatabase.com/1286/119312510167198/filing-main.htm |access-date=May 10, 2018 |publisher=secdatabase.com}} * August 2010 - Bach-Simpson Corporation, locomotive component supplier for $12.0 million{{cite web |title=Wabtec Corporation, Form 10-Q, Quarterly Report, Filing Date Nov 8, 2010 |url=http://edgar.secdatabase.com/1417/119312510251301/filing-main.htm |access-date=May 10, 2018 |publisher=secdatabase.com}} * November 2010 - Swiger Coil Systems, [Cleveland](/source/Cleveland)-based manufacturer of traction motors and electric coils, for approximately $43.0 million{{cite web |title=Wabtec Corporation, Form 10-K, Annual Report, Filing Date Feb 25, 2011 |url=http://edgar.secdatabase.com/2320/119312511046939/filing-main.htm |access-date=May 10, 2018 |publisher=secdatabase.com}} * February 2011 - [Brush Traction](/source/Brush_Traction), English locomotive builder and maintainer, for $31 million{{cite web |title=Wabtec Corporation, Form 10-Q, Quarterly Report, Filing Date May 9, 2011 |url=http://edgar.secdatabase.com/73/119312511131663/filing-main.htm |access-date=May 10, 2018 |publisher=secdatabase.com}}Wabtec acquires Brush Traction ''[International Railway Journal](/source/International_Railway_Journal)'' April 2011 page 20 * November 2011 - Bearward Engineering, English industrial radiator manufacturer{{cite web |title=Wabtec Corporation, Form 8-K, Current Report, Filing Date Nov 4, 2011 |url=http://edgar.secdatabase.com/897/119312511297432/filing-main.htm |access-date=May 10, 2018 |publisher=secdatabase.com}} * June 2012 - Mors Smitt Holding for $88.4 million{{cite web |title=Wabtec Corporation, Form 10-Q, Quarterly Report, Filing Date Aug 2, 2012 |url=http://edgar.secdatabase.com/292/119312512331482/filing-main.htm |access-date=May 10, 2018 |publisher=secdatabase.com}} * October 2012 - LH Group, diesel engine, transmission and bogie overhaul and industrial locomotive supplier for $48 million * June 2014 - Fandstan Electric Group, rail and industrial equipment manufacturer, comprising the Brecknell Willis, Stemmann Technik and TransTech brands for $199.4 million{{cite web |title=Wabtec Corporation, Form 10-K, Annual Report, Filing Date Feb 19, 2016 |url=http://edgar.secdatabase.com/1792/162828016011421/filing-main.htm |access-date=May 10, 2018 |publisher=secdatabase.com}} * June 2015 - Metalocaucho (MTC), producer of suspension and anti-vibration systems for $23.4 million{{cite web |title=Wabtec Corporation, Form 10-Q, Quarterly Report, Filing Date Oct 29, 2015 |url=http://edgar.secdatabase.com/37/162828015008000/filing-main.htm |access-date=May 10, 2018 |publisher=secdatabase.com}} * December 2016 - acquired 51% of [Faiveley Transport](/source/Faiveley_Transport)'s shares in a cash-and-stock deal valued at $1.7 billion, including debt{{cite web |title=Wabtec Corporation, Form 8-K, Current Report, Filing Date Jul 27, 2015 |url=http://pdf.secdatabase.com/2110/0001193125-15-263323.pdf |access-date=May 10, 2018 |publisher=secdatabase.com}}{{cite web |date=July 27, 2015 |title=Wabtec to buy Faiveley Transport for $1.8 billion, including debt |url=https://www.reuters.com/article/us-wabtec-deals-idUSKCN0Q11G620150727 |access-date=July 27, 2015 |publisher=[Reuters](/source/Reuters)}}{{cite web |title=Wabtec Corporation, Form 8-K, Current Report, Filing Date Dec 1, 2016 |url=http://edgar.secdatabase.com/2893/119312516781600/filing-main.htm |access-date=May 10, 2018 |publisher=secdatabase.com}} * August 2014 - Dia-Frag, manufacturer of friction products including motorcycle braking, for $70.6 million. * October 2015 - [Track IQ](/source/Track_IQ), lineside sensor manufacturer{{cite magazine |title=Wabtec acquires lineside sensor supplier Track IQ |url=http://www.railwaygazette.com/news/business/single-view/view/wabtec-acquires-lineside-sensor-supplier-track-iq.html |url-status=dead |archive-url=https://web.archive.org/web/20180713042938/http://www.railwaygazette.com/news/business/single-view/view/wabtec-acquires-lineside-sensor-supplier-track-iq.html |archive-date=July 13, 2018 |access-date=12 July 2018 |magazine=Railway Gazette International}} * February 2019 - [GE Transportation](/source/GE_Transportation) for $11 billion * January 2022 - Masu, New Delhi-based railway friction company, for $34 million{{Cite web |date=2022-01-04 |title=Wabtec Acquires MASU's Railway Friction Business |url=https://www.businesswire.com/news/home/20220104005180/en/Wabtec-Acquires-MASU%E2%80%99s-Railway-Friction-Business |access-date=2022-01-04 |website=www.businesswire.com |language=en}}{{Cite web |date=2022-01-04 |title=Wabtec buys Indian rail friction business |url=https://www.railjournal.com/financial/wabtec-buys-indian-rail-friction-business/ |access-date=2022-01-04 |website=International Railway Journal |language=en}} * April 2022 - Trimble’s Beena Vision business{{Cite web |title=Wabtec to Acquire Trimble's Beena Vision Business to Extend its Digital Rail Inspection Portfolio |url=https://www.wabteccorp.com/newsroom/press-releases/wabtec-to-acquire-trimble-s-beena-vision-business-to-extend-its-digital-rail-inspection-portfolio |access-date=2023-08-02 |website=Wabtec Corporation}} * June 2022 - Collins Aerospace ARINC rail solutions{{Cite web |title=Wabtec Acquires Collins Aerospace's ARINC Rail Solutions Business to Extend Rail Optimization Portfolio |url=https://www.wabteccorp.com/newsroom/press-releases/wabtec-acquires-collins-aerospace-s-arinc-rail-solutions-business-to-extend-rail-optimization-portfolio |access-date=2023-03-07 |website=Wabtec Corporation}} * June 2023 - L&M Radiator, heat exchanger manufacturer in Hibbing, Minnesota{{Cite web |title=Wabtec Acquires L&M Radiator |url=https://www.wabteccorp.com/newsroom/press-releases/wabtec-acquires-lm-radiator-inc |access-date=July 31, 2024 |website=Wabtec Corporation}} * July 2025 - Evident's Inspection Technologies for $1.78 billion{{Cite web |title=Wabtec to Acquire Evident's Inspection Technologies Division {{!}} Wabtec Corporation |url=https://www.wabteccorp.com/newsroom/press-releases/wabtec-to-acquire-evident-s-inspection-technologies-division |access-date=2025-07-15 |website=www.wabteccorp.com |language=en}}{{Cite web |title=Wabtec Finalizes Acquisition of Evident’s Inspection Technologies Division |url=https://www.wabteccorp.com/newsroom/press-releases/wabtec-finalizes-acquisition-of-evident-s-inspection-technologies-division |access-date=2026-02-15 |website=Wabtec Corporation |language=en}} * December 2025 - Frauscher Sensor Technology Group, [Schärding, Austria](/source/Sch%C3%A4rding)-based manufacturer of railway signalling for $783.9 million * February 2026 - [Dellner Couplers](/source/Dellner) for $968 million{{Cite web |last= |date=2026-02-13 |title=Wabtec Finalizes Acquisition of Dellner Couplers |url=https://railway-news.com/wabtec-finalizes-acquisition-of-dellner-couplers/ |access-date=2026-02-15 |website=Railway-News |language=en-gb}} === Merger with GE Transportation === On April 20, 2018, it was reported that [General Electric](/source/General_Electric) (GE), undergoing a strategic review, was in talks to sell its century-old locomotive business, [GE Transportation](/source/GE_Transportation), to Wabtec, according to people familiar with the matter.{{cite web|url=https://www.bloomberg.com/amp/news/articles/2018-04-20/ge-is-said-in-talks-to-unload-rail-business-in-deal-with-wabtec|title=GE Is in Talks to Unload Rail Business in Deal With Wabtec|publisher=Bloomberg Business|date=April 20, 2018|access-date=April 21, 2018}} On May 21, 2018, GE and Wabtec confirmed the merger of GE Transportation with Wabtec in an $11 billion deal, completed on February 25, 2019, which saw Wabtec shareholders take a 50.8% shareholding in the merged company, with GE shareholders owning 24.3% and GE itself 24.9%.{{cite web|url=https://www.wsj.com/articles/ge-to-merge-rail-division-with-wabtec-in-11-billion-deal-1526904626 |title=GE to Merge Rail Division With Wabtec in $11 Billion Deal|publisher=[Wall Street Journal](/source/Wall_Street_Journal)|date=May 21, 2018|access-date=May 21, 2018}}[https://www.railwaygazette.com/news/business/single-view/view/wabtec-and-ge-transportation-complete-merger.html Wabtec and GE Transportation complete merger] {{Webarchive|url=https://web.archive.org/web/20200801015058/https://www.railwaygazette.com/news/business/single-view/view/wabtec-and-ge-transportation-complete-merger.html |date=August 1, 2020 }} ''[Railway Gazette International](/source/Railway_Gazette_International)'' February 25, 2019 ==Battery electric locomotive== In September 2021, at an event in [Pittsburgh](/source/Pittsburgh), Wabtec unveiled the world’s first battery-electric freight locomotive. It was the result of a joint venture with [Carnegie Mellon University](/source/Carnegie_Mellon_University), and is part of an initiative by the two organizations to develop zero-emissions technology. Using a traditional locomotive body, the usual [diesel engine](/source/diesel_engine) has been replaced by a large bank of batteries, which drive the traction motors of the locomotive. [Regenerative braking](/source/Regenerative_brake) is used to help recharge the batteries. Wabtec claimed that the next version of the locomotive, to be developed within two years, would reduce the consumption of diesel fuel by nearly a third, and that emissions could be entirely eliminated through the development of accompanying hydrogen fuel cells.{{cite news |last1=Milman |first1=Oliver |title='Dramatically more powerful': world's first battery-electric freight train unveiled |url=https://www.theguardian.com/us-news/2021/sep/16/battery-electric-freight-train-wabtec-rail-transport-emissions |access-date=2021-12-15 |work=[The Guardian](/source/The_Guardian)|date=2021-09-16}} The first battery locomotives were for the [Roy Hill railway line](/source/Roy_Hill_railway_line).[https://web.archive.org/web/20240321150835/https://www.royhill.com.au/electric-heavy-hauler-wabtec-and-roy-hill-unveil-the-first-flxdrive-battery-locomotive/ Wabtec and Roy Hill unveil the first FLXdrive battery locomotive] [Roy Hill](/source/Roy_Hill_mine) February 20, 2024 ==References== {{reflist}} ==External links== *{{official|https://www.wabtec.com}} {{Finance links | name = Wabtec Corporation | symbol = WAB | reuters = WAB.N | bloomberg = WAB:US | sec_cik = WAB | yahoo = WAB | google = WAB | nasdaq = WAB }} {{Pittsburgh Corporations|state=collapsed}} {{S&P 500 companies}} {{Portal|Companies|Trains}} {{authority control}} Category:Wabtec Category:American brands Category:Rolling stock manufacturers of the United States Category:American companies established in 1999 Category:Vehicle manufacturing companies established in 1999 Category:1869 establishments in Pennsylvania Category:Companies listed on the New York Stock Exchange Category:Westinghouse Electric Company --- Adapted from the Wikipedia article [Wabtec](https://en.wikipedia.org/wiki/Wabtec) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Wabtec?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.