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Press Release
  • WABTEC ANNOUNCES PRICING OF UPSIZED PUBLIC OFFERING BY SELLING STOCKHOLDER

    05/01/2019

    WILMERDING, PA – May 1, 2019: Wabtec Corporation (NYSE: WAB) (“Wabtec”) today announced the pricing of an underwritten secondary offering of 22,000,000 shares of Wabtec common stock at a public offering price of $73.50 by General Electric Company (“GE”), as the sole selling stockholder. The offering is expected to close on or about May 6, 2019, subject to the satisfaction of customary closing conditions.  The selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 3,300,000 shares.  Wabtec will not receive any proceeds from the sale of the shares by the selling stockholder in this offering.…

  • Wabtec and UE 610 Reach Agreement on a Three-Year Contract

    05/01/2019

    ​​​​​​WILMERDING, PA (May 1, 2019) — Wabtec Corporation and the United Electrical, Radio and Machine Workers of America Local 610 today reached agreement on a three-year contract for the Wilmerding and Greensburg, Pennsylvania sites. The agreement positions the facilities to remain competitive in today’s challenging markets, while providing good wages, meaningful benefits and rewarding work for employees.

    “We are pleased to reach a fair and reasonable contract that meets the interests of both parties,” said Matthew Mitsch, vice president and general manager of…