Wabtec completes acquisition of majority stake in Faiveley Transport

Wabtec has completed the acquisition of the Faiveley family's 51% stake in Faiveley Transport for US$212m in cash and 6.3 million shares. The total purchase price for 100% of Faiveley Transport is US$1.7bn.

“The acquisition of Faiveley Transport is an excellent strategic fit, expanding our geographic presence, broadening our product and service capabilities, and strengthening our technology and innovation initiatives.”railwaygazette.com

• 1 source
• railwaygazette.comWabtec completes acquisition of majority stake in Faiveley Transport - Railway Gazette InternationalE-mailDec 1, 2016

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