Press Releases

Wabtec Corporation (NYSE: WAB) today announced Rafael Santana will become president and CEO of the company, effective July 1, 2019. Santana, who will also become a Wabtec board member, will succeed Ray Betler, who will retire as a Wabtec executive and board member.

Wabtec (NYSE: WAB) celebrated today the 1,000th Evolution Series Tier 4 Locomotive at its plant in Fort Worth, TX. The milestone delivery to CN highlights the commercial success of the locomotive, which set the standard for environmental performance in the freight-rail industry.

Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 12 cents per share, payable on May 24, 2019 to holders of record on May 10, 2019.

Wabtec (NYSE: WAB) announced that Kristine Kubacki, CFA, has joined the company as vice president of investor relations. In this role, Kubacki will be responsible for communicating the vision and value of Wabtec to shareholders and the financial community. Kubacki will succeed Tim Wesley, who has held the role for more than 20 years. Wesley will remain active with the company in this capacity over the next several months to ensure a seamless and orderly transition, then retire at the end of 2019.

Wabtec Corporation (NYSE: WAB) announced today the appointment of Lilian Leroux as President of Transit. Lilian has spent more than 18 years with both Faiveley Transport and Wabtec in a variety of global leadership and commercial roles across the transit sector. These include UK Managing Director (2004-2009), Global Services Leader (2009-2014) and most recently, President of the Brakes & Safety Group (2014-2019).

Wabtec Corporation (NYSE: WAB) announced today it has completed its merger with GE Transportation, a former business unit of GE (NYSE: GE). This merger establishes Wabtec as a Fortune 500, global transportation and logistics leader by combining Wabtec’s broad range of freight, transit and electronics products with GE Transportation’s best-in-class equipment, services and digital solutions in the locomotive, mining, marine, stationary power and drilling industries. Wabtec has also been notified that it will now be included in the S&P 500 Index.

Wabtec Corporation (NYSE: WAB) today reported results for its 2018 fourth quarter, including strong cash flow, and issued 2019 financial guidance. The company also announced the completion of its merger with GE Transportation today, and said it has been notified that it will now be included in the S&P 500 Index.

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.

Wabtec Corporation (NYSE: WAB) and GE (NYSE: GE) announced today they have modified the terms of their merger agreement and today will publicly file S4 and S1 registration statements, respectively, with the U.S. Securities and Exchange Commission (SEC).

Wabtec Corporation (NYSE: WAB) and General Electric Company (NYSE: GE) announced today that the U.S. Department of Justice (DOJ) has closed its review of the pending merger of Wabtec and GE Transportation, a business unit of GE. The merger is expected to create a stronger, more diversified transportation and logistics company.

Wabtec Corporation (NYSE: WAB) declared its regular quarterly dividend of 12 cents per share, payable on Feb. 22, 2019 to holders of record on Feb. 8, 2019.

GE Transportation (NYSE:GE) and Ukrainian Railways today celebrated a major accomplishment as the first Evolution Series locomotive entered service in Ukraine, part of an ongoing cooperative effort to comprehensively upgrade the country’s diesel-electric rail fleet. The project goal is to modernize Ukraine’s transportation infrastructure and help accelerate long-term economic growth.

GE Transportation (NYSE: GE) marked the 20-year anniversary of its best kept secret, the Global Performance Optimization Center. Since opening two decades ago, this “mission control” capability transformed how the rail industry worldwide maintains and manages its locomotive fleet and maintenance resources.

Moldovan Railways (CFM) has selected GE Transportation(NYSE:GE) to supply 12 Evolution Series locomotives, as well as parts, training and services. This is the first locomotive order in Moldova for GE Transportation and marks a significant step as the country seeks to upgrade its existing fleet to haul freight trains, primarily carrying grain and ore, as well as passenger trains.

Wabtec Corporation (NYSE: WAB) announced that at a special meeting today the company’s stockholders approved proposals in connection with its planned combination with GE Transportation.