{{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 | traded_as = {{NYSE|WAB}}<br>S&P 500 component<ref>{{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}}</ref> | genre = | fate = | predecessor = | successor = | foundation = {{start date and age|1999}} via merger | founder = | defunct = | location_city = Pittsburgh, Pennsylvania<ref name="fac">[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''</ref> | location_country = United States | location = | locations = Various: US, Europe, Canada, Mexico, Australia, South America. ~50 plants<ref name="fac"/> | area_served = | key_people = {{ubl|Albert J. Neupaver{{wbr}} (chairman)<ref>{{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|date=10 May 2017}}</ref>|Rafael Santana (president{{wbr}} and CEO)|John Olin (executive vice president and CFO<ref>{{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|date=August 13, 2021}}</ref>}} | industry = Rail industry | products = Rail braking systems, locomotives, air condition and heat exchanging systems, other rolling stock components<ref name="fac"/> | services = Locomotive servicing, overhaul and repair<ref name="fac"/> | 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|Faiveley Transport|GE Transportation|MotivePower}} | subsid = | website = {{URL|wabteccorp.com}} | footnotes = Financials {{as of|2022|12|31|df=US|lc=y}}.<br />References:<ref name="Wabtec Corporation 10-K">{{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}}</ref> }} 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 (WABCO) and MotivePower in 1999.<ref name="Westinghouse-Air-Brake-Co-Jun-1999-8-K">{{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}}</ref><ref name="Westinghouse-Air-Brake-Co-Nov-1999-8-K">{{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}}</ref> It is headquartered in Pittsburgh, Pennsylvania.
Wabtec manufactures products for locomotives, freight cars and passenger transit vehicles, and builds new locomotives up to {{convert|6000|hp|MW|0}}. It is a Fortune 500 company.<ref>{{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|date=October 18, 2019}}</ref><ref>{{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 }}</ref>
The company purchased GE Transportation on February 25, 2019.
==History== The company's origins go back to 1869 with the founding of the 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.<ref name="Wabtec-Corp-Feb-2018-10-K">{{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}}</ref> (Another company, WABCO Vehicle Control Systems, also created from the Westinghouse Brake Company, is independent of Wabtec. It was spun off by American Standard Companies in 2007, and is today part of German automotive components firm ZF Friedrichshafen.<ref name="American-Standard-Companies-Inc-Jul-2007-8-K">{{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}}</ref>)
The other company forming Wabtec, MotivePower, can be traced back to 1972,<ref name="MotivePower-Industries,-Inc-Mar-1998-10-K">{{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}}</ref> with the formation of the MK Rail division by Morrison Knudsen and the purchase of a manufacturing facility in 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.<ref name="MK-Rail--Corporation-Mar-1994-8-K">{{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}}</ref> In 1996, MK Rail group separated from the parent Morrison Knudsen and adopted the name MotivePower Industries Corporation.<ref name="MK-Rail--Corporation-Mar-1997-10-K">{{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}}</ref> In the later half of the 1990s additional companies were acquired – again all in the locomotive components business.<ref>[http://www.motivepower-wabtec.com/about/history.php MotivePower Wabtec – history] ''motivepower-wabtec.com''</ref> MotivePower, a wholly owned subsidiary of Wabtec, continues to manufacture locomotives.
The corporate 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.<ref>{{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|work=Trains Newsletter|access-date=May 26, 2023}}</ref>
On June 10, 2023, United Electrical, Radio and Machine Workers of America workers at Wabtec's Erie, 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.<ref>{{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}}</ref><ref>{{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|date=25 July 2023}}</ref><ref>{{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}}</ref><ref>{{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}}</ref> The strike ended on August 31 with an agreement that raised the pay of workers.<ref>{{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}}</ref>
==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.<ref> New owner for RFS ''Rail Express'' issue 25 June 1998 page 11</ref><ref>{{cite web |title=1998 FORM 10-K |url=https://ir.wabteccorp.com/static-files/55259b7f-280e-41a6-9034-1d972607ed1f |access-date=21 January 2026}}</ref> * March 2010 - Xorail, railway signaling design and construction company, for $40 million<ref name="Wabtec-Corporation-Apr-2010-8-K">{{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}}</ref><ref>{{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}}</ref> * July 2010 - G&B Specialties, track products manufacturer, for $31.8 million<ref name="Wabtec-Corporation-Jul-2010-8-K">{{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}}</ref> * August 2010 - Bach-Simpson Corporation, locomotive component supplier for $12.0 million<ref>{{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}}</ref> * November 2010 - Swiger Coil Systems, Cleveland-based manufacturer of traction motors and electric coils, for approximately $43.0 million<ref name="Wabtec-Corporation-Feb-2011-10-K">{{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}}</ref> * February 2011 - Brush Traction, English locomotive builder and maintainer, for $31 million<ref name="Wabtec-Corporation-May-2011-10-Q">{{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}}</ref><ref>Wabtec acquires Brush Traction ''International Railway Journal'' April 2011 page 20</ref> * November 2011 - Bearward Engineering, English industrial radiator manufacturer<ref name="Wabtec-Corporation-Nov-2011-8-K">{{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}}</ref> * June 2012 - Mors Smitt Holding for $88.4 million<ref name="Wabtec-Corporation-Aug-2012-10-Q">{{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}}</ref> * 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<ref name="Wabtec-Corporation-Feb-2016-10-K">{{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}}</ref> * June 2015 - Metalocaucho (MTC), producer of suspension and anti-vibration systems for $23.4 million<ref name="Wabtec-Corporation-Oct-2015-10-Q">{{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}}</ref> * December 2016 - acquired 51% of Faiveley Transport's shares in a cash-and-stock deal valued at $1.7 billion, including debt<ref name="Wabtec-Corporation-Jul-2015-8-K">{{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}}</ref><ref>{{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}}</ref><ref name="Wabtec-Corporation-Dec-2016-8-K">{{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}}</ref> * August 2014 - Dia-Frag, manufacturer of friction products including motorcycle braking, for $70.6 million.<ref name="Wabtec-Corporation-Feb-2016-10-K" /> * October 2015 - Track IQ, lineside sensor manufacturer<ref>{{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}}</ref> * February 2019 - GE Transportation for $11 billion * January 2022 - Masu, New Delhi-based railway friction company, for $34 million<ref>{{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}}</ref><ref>{{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}}</ref> * April 2022 - Trimble’s Beena Vision business<ref>{{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}}</ref> * June 2022 - Collins Aerospace ARINC rail solutions<ref>{{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}}</ref> * June 2023 - L&M Radiator, heat exchanger manufacturer in Hibbing, Minnesota<ref>{{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}}</ref> * July 2025 - Evident's Inspection Technologies for $1.78 billion<ref>{{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}}</ref><ref>{{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}}</ref> * December 2025 - Frauscher Sensor Technology Group, Schärding, Austria-based manufacturer of railway signalling for $783.9 million * February 2026 - Dellner Couplers for $968 million<ref>{{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}}</ref>
=== Merger with GE Transportation === On April 20, 2018, it was reported that General Electric (GE), undergoing a strategic review, was in talks to sell its century-old locomotive business, GE Transportation, to Wabtec, according to people familiar with the matter.<ref>{{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}}</ref> 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%.<ref>{{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|date=May 21, 2018|access-date=May 21, 2018}}</ref><ref>[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'' February 25, 2019</ref>
==Battery electric locomotive== In September 2021, at an event in Pittsburgh, Wabtec unveiled the world’s first battery-electric freight locomotive. It was the result of a joint venture with 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 has been replaced by a large bank of batteries, which drive the traction motors of the locomotive. Regenerative braking 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.<ref>{{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|date=2021-09-16}}</ref>
The first battery locomotives were for the Roy Hill railway line.<ref>[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 February 20, 2024</ref>
==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