Press Releases

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.

Wabtec Corporation (NYSE: WAB) today reported strong sales and EPS growth for the 2018 third quarter and affirmed its full-year EPS guidance.

Wabtec Corporation (NYSE: WAB) declared its regular quarterly dividend of 12 cents per share, payable on Nov. 30, 2018 to holders of record on Nov. 16, 2018.

Wabtec Corporation (NYSE: WAB) today announced that it will hold a special meeting of stockholders on Wednesday, Nov. 14, 2018 to consider and vote on proposals to amend its charter to increase the number of authorized shares of Wabtec common stock and to approve the issuance of Wabtec common stock in connection with its proposed combination with GE Transportation. The special meeting will be held at 9 a.m. Eastern time at The Duquesne Club, 325 Sixth Avenue, Pittsburgh, PA 15222. Wabtec’s stockholders of record at the close of business on Oct. 11, 2018, will be entitled to receive notice of, and to vote at, the special meeting.

Iowa Interstate Railroad, Ltd. (a wholly owned subsidiary of RDC Domestic Holdings Corporation, an affiliate of Railroad Development Corporation of Pittsburgh, PA) announced today it will acquire three new Evolution™ Series locomotives from GE Transportation. The locomotives will be produced in early 2020 and used to transport grains, ethanol, metals and more across Iowa Interstate’s network between Chicago and Omaha.

GE Transportation (NYSE:GE) announced today at InnoTrans 2018 a new high-speed diesel engine program, which will serve the locomotive, marine and power generation segments. The engine platform will provide improved fuel efficiency and reliability, as well as lower lifecycle costs.

GE Transportation (NYSE:GE) will supply five diesel-electric locomotives to Korfez Ulastirma A.Ş., the subsidiary of Turkey’s largest refinery, Tüpraş, operating in railway transportation.

Wabtec Corporation (NYSE: WAB) today filed an amended preliminary proxy statement with the SEC relating to its proposed combination with GE Transportation. Wabtec and GE Transportation are progressing the proposed transaction toward an anticipated closing by the first quarter of 2019.

Wabtec Corporation (NYSE: WAB) today issued the following statement regarding its planned merger with GE Transportation:

Wabtec Corporation (NYSE: WAB) said it will exhibit at InnoTrans, the railway industry’s largest trade fair, to be held in Berlin, Germany, from Sept. 18-25. At the event, the company will focus on three key areas: Passenger Experience, Green Solutions and Whole-Life Support. Each will be represented in Freight Rail and Passenger Transit solutions on display, as well as in connectivity technologies.