Wabtec Corporation
Wabtec Completes Acquisition of Evident's Inspection Technologies Division
Summary
Wabtec Corporation announced the completion of its acquisition of Evident Inspection Technologies, a global leader in non-destructive testing, remote visual inspection, and analytical instruments solutions, for $1.78 billion. The acquisition, expected to close on July 1, 2025, is anticipated to be slightly accretive to Adjusted EPS in the second half of 2025, and is expected to provide high single-digit revenue growth, accretive Adjusted EBIT margins, and accretive ROIC over time. The transaction was financed through a combination of cash on hand, newly issued term notes, and short-term borrowing.
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About Wabtec Corporation
Wabtec Corporation is a leading provider of technology-based equipment and services for the global rail industry. The company, formed through the merger of Wabtec and GE Transportation, specializes in developing, manufacturing, and servicing products that enhance the safety, efficiency, and productivity of freight and transit rail. Notable offerings include locomotives, control systems, and digital solutions that contribute to the optimization of rail network management. Wabtec also delivers crucial after-market services and refurbishment for railway equipment. Serving a critical role in the logistics and transportation sector, Wabtec finds its place at the intersection of innovation and infrastructure, aiding in the smooth flow of goods and passengers over vast distances. Leveraging decades of experience, the company's solutions not only support rail safety and operation but also align with broader trends in sustainability, as rail is one of the more environmentally friendly modes of transport. Headquartered in Pittsburgh, Pennsylvania, Wabtec is a major player in the transportation equipment industry, with a global footprint that underscores its importance in the rail supply chain.
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