Wabtec Corporation

From Wikipedia, the free encyclopedia
  (Redirected from Wabtec)
Wabtec Corporation
Traded as NYSEWAB
S&P 400 Component
Industry Rail industry
Founded 1999 (1999) via merger
Headquarters Wilmerding, Pennsylvania[1], USA
Number of locations
Various : USA, Europe, Canada, Mexico, Australia, South America. ~50 plants[1]
Key people
Albert J. Neupaver (Chairman)[2]
Raymond T. Betler (President and CEO)
Patrick D. Dugan (Senior Vice President and CFO)[3]
Products Rail braking systems, locomotives, air condition and heat exchanging systems, other rolling stock components[1]
Services Locomotive servicing, overhaul and repair[1]
Revenue Increase US$ 3,307.998 million (2015)[4]
Increase US$ 607.567 million (2015)[4]
Increase US$ 398.628 million (2015)[4]
Total assets Increase US$ 3,300.335 million (2015)[4]
Total equity Increase US$ 1,701.339 million (2015)[4]
Number of employees
Divisions Motive Power Inc.
Website www.wabtec.com

Wabtec Corporation (derived from Westinghouse Air Brake Technologies Corporation) is an American company formed by the merger of the Westinghouse Air Brake Company (WABCO) and MotivePower Industries Corporation in 1999. It is headquartered in the Pittsburgh suburb of Wilmerding, Pennsylvania.

Wabtec manufactures products for locomotives, freight cars and passenger transit vehicles, and builds new locomotives up to 4,000 horsepower (3 MW).


The company's origins go back as far as 1869 with the foundation of the Westinghouse Brake Company. That company (also known as WA&B later as WABCO) became independent in 1990 via a management buy-out, and went public in 1995.[5] Another company, WABCO Vehicle Control Systems, also created from the Westinghouse Brake Company, is independent of Wabtec and was spun off by American Standard Companies (the ultimate owner) in 2007.

The other company forming Wabtec, MotivePower Industries, can be traced back to 1972, with the formation of the MK Rail division by the Morrison Knudsen group 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. In 1996, MK Rail group separated from the parent Morrison Knudsen and adopted the name MotivePower Industries Corporation. In the later half of the 1990s further companies were acquired – again all in the locomotive components business.[6] MotivePower, a wholly owned subsidiary of Wabtec, continues to manufacture locomotives.

In March 2010, Wabtec announced that it had purchased Xorail, a railway signaling design and construction company.[7]

In July 2010, Wabtec announced that it had purchased two manufacturers of rail equipment, Bach-Simpson Corp. and G&B Specialties. The companies produce locomotive components and track products respectively. The purchase price was reportedly US$48 million.[8]

In November 2010, Wabtec acquired all of the assets of Cleveland, Ohio-based manufacturer of traction motors and electric coils for rail and power generation markets Swiger Coil Systems.[9]

In June 2015, Wabtec acquired all three units of Metalocaucho (MTC, in Spain, China and India) who are leaders in the field of suspension and anti-vibration systems.[10]

On July 27, 2015, Wabtec announced that it plans to purchase Faiveley Transport S.A. in a cash-and-stock deal valued at $1.8 billion, including debt.[11]

On April 20, 2018, it was reported that General Electric Co., undergoing a strategic review, is in talks to sell its century-old locomotive business to Wabtec Corp., according to people familiar with the matter.[12]

United Kingdom

Brush Traction

On February 28, 2011, Wabtec announced that it had acquired Brush Traction of Loughborough, an English locomotive builder and maintainer, for US$31 million.[13]

Bearward Engineering

In November 2011, Wabtec acquired Bearward Engineering Ltd [1], an industrial radiator manufacturer employing some 300 people based in Northampton, England. Bearward Engineering primarily supplies the power generation market with uniquely designed cooling systems. At the time of purchase Bearward had an annual turnover of US$70 million.[14]

Wabtec Rail UK

Wabtec Rail Limited is a railway engineering company based in at the Doncaster Works in Doncaster, South Yorkshire, England. Services include the overhaul and repair of railway rolling stock and components. Wabtec Rail occupies part of the former British Rail Engineering site known locally as the Plant Works. The two main unions on site (Unite and RMT) gave notice on November 3, 2014, of their intention to ballot their members for industrial action over a pay dispute, for the first time in Wabtec Rail Limited's history.[15]

Wabtec Rail Scotland

Wabtec Rail Scotland occupies the Kilmarnock works of the former locomotive builder Andrew Barclay Sons & Co..

Lh Group Services Ltd

Wabtec announced the US$48m acquisition of diesel engine, transmission and bogie overhaul and industrial locomotive supplier LH Group on October 2, 2012. Based at Barton under Needwood in Staffordshire, UK. LH has around 400 employees and annual sales of US$65m, about 10% of which are in non-rail markets.

See also


  1. ^ a b c d e Wabtec corporation – fast facts wabtec.com
  2. ^ Gough, Paul J. (10 May 2017). "Neupaver named chairman of Wabtec". Pittsburgh Business Times. Retrieved 30 June 2017. 
  3. ^ "Corporate Management". Wabtec Corporation. Retrieved May 17, 2014. 
  4. ^ a b c d e "Wabtec Corporation 2015 financial summary" (PDF). Retrieved Sep 25, 2016. 
  5. ^ Wabtec corporation – History wabtec.com
  6. ^ MotivePower Wabtec – history motivepower-wabtec.com
  7. ^ http://www.railwaygazette.com/news/single-view/view/wabtec-buys-signalling-supplier-xorail.html
  8. ^ "Wabtec buys rail equipment makers". Trains Magazine. July 15, 2010. Retrieved July 15, 2010. 
  9. ^ "Wabtec Acquires Swiger Coil Systems, a Leading Manufacturer of Traction Motors, Electric Coils". Trading Markets. Retrieved November 8, 2010. 
  10. ^ "MTC". Retrieved 2018-01-07. 
  11. ^ "Wabtec to buy Faiveley Transport for $1.8 billion, including debt". Reuters. July 27, 2015. Retrieved July 27, 2015. 
  12. ^ "GE Is in Talks to Unload Rail Business in Deal With Wabtec". Bloomberg Business. April 20, 2018. Retrieved April 21, 2018. 
  13. ^ "Wabtec buys Brush Traction". Railway Gazette. February 28, 2011. Archived from the original on February 28, 2011. Retrieved February 28, 2011. 
  14. ^ "Wabtec Acquires Bearward Engineering" (PDF) (Press release). Wabtec. November 3, 2011. Retrieved April 11, 2012. 
  15. ^ "Wabtec Rail UK". Wabtecrail.co.uk. Retrieved 2014-03-25. 

External links

  • Wabtec corporation company website
Retrieved from "https://en.wikipedia.org/w/index.php?title=Wabtec_Corporation&oldid=837630139"
This content was retrieved from Wikipedia : http://en.wikipedia.org/wiki/Wabtec
This page is based on the copyrighted Wikipedia article "Wabtec Corporation"; it is used under the Creative Commons Attribution-ShareAlike 3.0 Unported License (CC-BY-SA). You may redistribute it, verbatim or modified, providing that you comply with the terms of the CC-BY-SA