QUOTE AND NEWS
Reuters  Dec 1  Comment 
* Wabtec acquires majority ownership of faiveley transport; updates 2016 guidance, provides 2017 preliminary information
Reuters  Oct 26  Comment 
The U.S. Justice Department said on Wednesday it will require Westinghouse Air Brake Technologies Corp to divest Faiveley Transport North America's entire U.S. freight...
Reuters  Oct 26  Comment 
* Wabtec Corp - U.S. DOJ has filed proposed consent decree with U.S. District court in washington, to approve co's combination with faiveley transport S.A. Source text for Eikon: Further company...
Reuters  Oct 4  Comment 
* Wabtec and Faiveley Transport receive clearance from European Commission for proposed combination
Reuters  Oct 4  Comment 
U.S. rail equipment maker Wabtec Corp secured EU antitrust approval for its $1.8 billion buy of Faiveley Transport after agreeing to sell the French company's sintered friction...




 

Westinghouse Air Brake Technologies (WAB), aka Wabtec, is a maker of brakes used in rail cars and for subway busses. Their clients are North American rail roads as well as European, Austrailian, South African, and Indian customers.

Retrieved from "http://www.wikinvest.com/wiki/Westinghouse_Air_Brake_Technologies"

Breakdown

65% of revenue from the 'freight division' which focuses on freight train products

35% of revenue from 'transit division' which focuses on subways and buses.


Recent Developments

Certain european train systems may require Wabtec breaks per regulatory requirements

References

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