Who Bought GE Locomotive?
Does GE still make locomotive engines?
The G.E. unit is a leading manufacturer of locomotives for freight trains, and it had sales of $4.2 billion in 2017. The combined company, Wabtec and G.E. executives said, will be stronger, have a broader mix of rail operations and become a Fortune 500 corporation.
G.E. Spins Off Railroad Business - The New York Times
Next Stop, Wabtec: GE Completes Spin-Off And Merger Of Its Transportation Unit. GE announced today that it has completed the spinoff and merger of its Transportation business with Wabtec Corporation. ... GE shareholders own about 24.3 percent of Wabtec on a fully diluted basis.
Next Stop, Wabtec: GE Completes Spin-Off And Merger Of Its
Who acquired GE Transportation?
GE unit merger: Wabtec now covers all rail-based transport in India. After completion of the global merger of General Electric (GE) Transportation with Pittsburgh-based Wabtec Corporation, their combined offering in the Indian market has increased.
GE unit merger: Wabtec now covers all rail-based transport in India
Who did GE sell their locomotive division to?
GE said that it would merge the division with Wabtec Corporation, based in Wilmerding, Pennsylvania, in a deal valued at approximately $11.1 billion.
GE Merges Its Storied Locomotive Business With Wabtec In A ...