GE Transportation

Wabtec Corporation completed its merger with GE Transportation, a former business unit of GE, establishing Wabtec as a Fortune 500 transportation and logistics leader.

Komatsu Mining Corp. acquired the scoop product line and related intellectual property from GE Transportation, expanding its underground equipment range. The deal includes original equipment, exchange parts, and support for about 400 existing machines.

Wabtec Corp. entered into a definitive agreement to combine with GE Transportation, a unit of General Electric Co., in a deal valuing GE Transportation at $2.9 billion cash plus 50.1% ownership in the combined company.

Indian Railways received its first two diesel-electric Evolution series locomotives from GE Transportation as part of a $2.5 billion order for 1,000 engines. Initial production is in the US, shifting to Bihar.

GE Transportation is investing $200 million in a locomotive factory in Marhowra, Bihar, India, with 70% localisation by value. The facility will produce locomotives for Indian Railways.

GE Transportation rolled out the first Evolution Series locomotive for Indian Railways, the first of 1,000 diesel freight locomotives under a USD 2.5 billion order. The locomotive will be shipped to India later in 2017.

GE Transportation signed a $575 million deal with the Egyptian railway. Details are limited.

GE Transportation and Brazilian mining company Vale have agreed to install GE's Trip Optimizer automated cruise control system on more than 100 Vale locomotives operating across Brazil, with full deployment expected by 2019.

DB Cargo and GE Transportation signed an agreement to digitize 250 locomotives across Germany, UK, France and Poland over five years, GE's first European digital contract.