Wabtec Expects To Complete Merger With GE Transportation On Feb. 25

2/4/19

WILMERDING, Pa., Feb. 04, 2019 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE: WAB) said it expects to complete its merger with GE Transportation, a business unit of GE (NYSE: GE), on Feb. 25, subject to certain closing conditions being satisfied as of the closing date. At closing, Wabtec plans to report its 2018 fourth quarter and full year results, and to provide 2019 financial guidance for the combined company.

Raymond T. Betler, Wabtec’s president and chief executive officer, said: “We look forward to completing our merger with GE Transportation later this month. In the meantime we continue to work hard on our integration plans and are eager to join forces.”

Wabtec Corporation (www.wabtec.com) is a leading global provider of equipment, systems and value-added services for transit and freight rail. Through its subsidiaries, Wabtec manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services. The company employs approximately 18,000 employees worldwide.

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