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  • WABTEC ACQUIRES ANNAX, A LEADING SUPPLIER OF PUBLIC ADDRESS AND PASSENGER INFORMATION SYSTEMS FOR TRANSIT VEHICLES

    03/26/2018

    WILMERDING, PA, March 26, 2018 – Wabtec Corporation (NYSE: WAB) has acquired Annax, a leading supplier of Public Address and Passenger Information Systems (PAPIS) for transit vehicles. Headquartered in Germany, Annax has annual sales of about $55 million.
     
    With operations in Germany, Switzerland and China, Annax provides a wide range of communication systems, intercoms, audio technologies and displays, serving both car builders and operators globally.
     
    Raymond T. Betler, Wabtec’s president and chief executive officer, said: “Annax is an excellent strategic fit with our existing Electronics business.  The company’s leading-edge solutions complement Wabtec’s…

  • GE Transportation's Modernization Program Hits New Milestones

    03/20/2018

    FORT WORTH, TX, March 20, 2018 — GE Transportation (NYSE: GE) secures 225 orders in 2018 for locomotive modernizations, as well as completes the first of 100 modernizations for Norfolk Southern (NYSE: NSC). With the increased demand, GE’s 1-million-square-foot facility in Fort Worth is now the world’s largest locomotive modernization facility.

    The modernization program updates aging locomotives — some more than 20-years-old — with customized solutions that range from simple changes, including control system upgrades, to complex restorations, such as the comprehensive transformation of an aged DC locomotive into an AC locomotive outfitted with state-of-the-art…