# GE merges transportation unit with Wabtec in $11.1B deal

General Electric confirmed it will merge its transportation business with Wabtec in a deal valued at about $11.1 billion. GE and its shareholders will own 50.1 percent of the combined company.

- Type: Acquisition
- Announced: 2018-05-21
- Where: United States
- Value: $11.1B
- Status: announced
- Products: train engines, rail equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [General Electric](https://endata.com/companies/1262.md)
- [Wabtec](https://endata.com/companies/10385.md) (partner)
- [Wabtec](https://endata.com/companies/10385.md) (target)

## Sources

- [streetinsider.com](https://www.streetinsider.com/Reuters/GE+to+merge+transportation+unit+with+Wabtec+in+%2411.1+billion+deal/14217073.html), 2018-05-21: "GE to merge transportation unit with Wabtec in $11.1 billion deal"
- [poandpo.com](https://www.poandpo.com/companies/general-electric-merges-transportation-unit-with-wabtec-in-111-billion-deal-2152018442/), 2018-05-21: "General Electric confirmed it will merge its transportation business that makes train engines with Wabtec in a deal valued at about $11.1 billion."

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