# 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.

- Type: Acquisition
- Announced: 2016-11-30
- Where: Paris, France
- Value: $1.70B
- Status: completed
- Products: rail equipment, passenger transit products
- 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)

## Sources

- [railwaygazette.com](https://www.railwaygazette.com/business/2016/12/01/wabtec-completes-acquisition-of-majority-stake-in-faiveley-transport/), 2016-12-01: "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."

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