On Monday, GE also said it closed its deal with Wabtec, which will take over GE’s century old locomotive manufacturing business. In the deal, GE received $2.9 billion in cash and a 24.9% stake in the combined company. GE shareholders received one share of Wabtec for every 186 GE shares held.
Wabtec shares rose 7% to $78.60 on Monday.
GE finalizes deal with Wabtec
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GE finalizes deal with Wabtec
by buzz456 » Mon Feb 25, 2019 12:29 pm
Buzz
39 and holding.
"Some people find fault like there's a reward for it."- Zig Ziglar
"If you can dream it you can do it."- Walt Disney
39 and holding.
"Some people find fault like there's a reward for it."- Zig Ziglar
"If you can dream it you can do it."- Walt Disney
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buzz456 - Site Admin
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Re: GE finalizes deal with Wabtec
by ZekTheKid » Mon Feb 25, 2019 6:09 pm
I'm curious as to what the merger could bring. Wabtec has been in the railroad technology business for some time now. I'm interested as to how some Wabtec technologies would/could be implemented into the current GE locomotives.
On the other hand, GE Transportation repainted one of the ET44AC demo units to a neat looking Wabtec demo scheme.
On the other hand, GE Transportation repainted one of the ET44AC demo units to a neat looking Wabtec demo scheme.
Anthony Nguyen
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GeForce RTX 3050Ti Mobile, AMD Ryzen 7 5800H, 16GB RAM, 3TB Storage
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ZekTheKid - Posts: 2430
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Re: GE finalizes deal with Wabtec
by DrewG » Mon Feb 25, 2019 8:10 pm
ZekTheKid wrote:Wabtec has been in the railroad technology business for some time now.
Well, pretty much since 1869.
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Re: GE finalizes deal with Wabtec
by ZekTheKid » Mon Feb 25, 2019 8:39 pm
DrewG wrote:ZekTheKid wrote:Wabtec has been in the railroad technology business for some time now.
Well, pretty much since 1869.
Very true.
Anthony Nguyen
Youtube: https://www.youtube.com/fastfreightstudios
GeForce RTX 3050Ti Mobile, AMD Ryzen 7 5800H, 16GB RAM, 3TB Storage
It's January. So long...
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ZekTheKid - Posts: 2430
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Re: GE finalizes deal with Wabtec
by Brickrail782 » Thu Feb 28, 2019 10:01 am
ZekTheKid wrote:I'm curious as to what the merger could bring. Wabtec has been in the railroad technology business for some time now. I'm interested as to how some Wabtec technologies would/could be implemented into the current GE locomotives.
On the other hand, GE Transportation repainted one of the ET44AC demo units to a neat looking Wabtec demo scheme.
Does anyone want to reskin Eyein's ET44s into that scheme?
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Brickrail782 - Posts: 625
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Re: GE finalizes deal with Wabtec
by buzz456 » Thu Feb 28, 2019 10:07 am
Why don't you post that over on re-paints?
Buzz
39 and holding.
"Some people find fault like there's a reward for it."- Zig Ziglar
"If you can dream it you can do it."- Walt Disney
39 and holding.
"Some people find fault like there's a reward for it."- Zig Ziglar
"If you can dream it you can do it."- Walt Disney
-
buzz456 - Site Admin
- Posts: 21084
- Joined: Sun Mar 21, 2010 8:30 am
- Location: SW Florida
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