# 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.

- Type: Acquisition
- Announced: 2016-11-23
- Where: Hebron, Indiana, United States
- Value: $212.0M
- Status: completed
- Products: rail equipment
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Faiveley Transport](https://endata.com/companies/2429.md) (target)
- [Wabtec](https://endata.com/companies/10385.md) (acquirer)
- [Precision Turbo and Engine](https://endata.com/companies/20199.md) (target)
- [Napier Turbochargers](https://endata.com/companies/20200.md) (acquirer)
- [Turbonetics](https://endata.com/companies/20201.md) (acquirer)

## Sources

- [bangshift.com](https://bangshift.com/bangshift1320/bangshift1320-drag-race-news/precision-turbo-has-joined-the-wabtec-family-with-turbonetics-and-napier/), 2016-11-26: "PRECISION TURBO AND ENGINE is excited to announce the joining of forces with the Napier and Turbonetics turbocharger team!"
- [railwaypro.com](https://www.railwaypro.com/wp/wabtec-finalises-faiveley-transport-takeover/), 2016-12-06: "Wabtec Corporation announced at the beginning of December that it has acquired majority ownership of Faiveley Transport S."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.