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The latest announcement is out from Westinghouse Air Brake Technologies ( (WAB) ).
On January 14, 2025, Wabtec Corporation announced its definitive agreement to acquire Evident Inspection Technologies for $1.78 billion. Evident, a leader in Non-Destructive Testing and Remote Visual Inspection, will augment Wabtec’s capabilities in the rail, mining, and industrial sectors while broadening its reach into complementary sectors. The acquisition, which is expected to close in the first half of 2025, will double Wabtec’s total addressable market to $16 billion, and is anticipated to be slightly accretive to Adjusted EPS in the first year. This strategic move aligns with Wabtec’s long-term vision to drive innovation, productivity, safety, and reliability in mission-critical assets globally.
More about Westinghouse Air Brake Technologies
Wabtec Corporation is a leading global provider of equipment, systems, digital solutions, and value-added services for the freight and transit rail industries, as well as the mining, marine, and industrial markets. It has been a leader in the rail industry for over 150 years with a vision to achieve a zero-emission rail system in the U.S. and worldwide.
YTD Price Performance: 1.52%
Average Trading Volume: 1,031,226
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $32.46B
Learn more about WAB stock on TipRanks’ Stock Analysis page.
