Wabtec acquires majority stake in Faiveley Transport

Wabtec Corporation announced it has acquired majority ownership of Faiveley Transport S, purchasing the Faiveley family's stake of about 51% for approximately $212 million in cash and 6.3 million shares of Wabtec common stock. Wabtec plans to launch a tender offer for remaining shares.

“PRECISION TURBO AND ENGINE is excited to announce the joining of forces with the Napier and Turbonetics turbocharger team!”bangshift.com

• 2 sources
• bangshift.comBangShift.com Precision Turbo Has Joined The Wabtec Family With Turbonetics And Napier - BangShift.comChad ReynoldsNov 26, 2016
• railwaypro.comWabtec finalises Faiveley Transport takeoverAbout usDec 6, 2016

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