Wabtec Corporation announced at the beginning of December that it has acquired majority ownership of Faiveley Transport S, after completing the purchase of the Faiveley family’s stake, which represented about 51% of the company’s shares outstanding. Wabtec plans to launch a tender offer for the remaining public shares in December.
Wabtec acquired the family stake for about USD 212 million in cash and 6.3 million shares of Wabtec common stock. Through the tender offer, the public shareholders of Faiveley Transport.
The strategic combination of Wabtec and Faiveley Transport creates one of the world’s leading rail equipment companies, with revenues of about USD 4.2 billion
and a presence in all key transit and freight rail regions worldwide.
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