Wabtec

The company's origins go back to 1869 with the founding of the Westinghouse Air Brake Company. That company (known as WA&B and later also as WABCO) became independent in 1990 via a management buy-out, and went public in 1995.{{cite web|url=http://edgar.secdatabase.com/1280/162828018002245/filing-main.htm |title=Wabtec Corp, Form 10-K, Annual Report, Filing Date Feb 26, 2018 |publisher=secdatabase.com |access-date =May 10, 2018}} (Another company, WABCO Vehicle Control Systems, also created from the Westinghouse Brake Company, is independent of Wabtec. It was spun off by American Standard Companies in 2007, and is today part of German automotive components firm ZF Friedrichshafen.{{cite web|url=http://edgar.secdatabase.com/1807/119312507153724/filing-main.htm |title=American Standard Companies Inc, Form 8-K, Current Report, Filing Date Jul 12, 2007 |publisher=secdatabase.com |access-date =May 10, 2018}})

The other company forming Wabtec, MotivePower Industries, can be traced back to 1972,{{cite web|url=http://edgar.secdatabase.com/138/95012898000629/filing-main.htm |title=MotivePower Industries, Inc, Form 10-K, Annual Report, Filing Date Mar 16, 1998 |publisher=secdatabase.com |access-date =May 10, 2018}} with the formation of the MK Rail division by the Morrison Knudsen group and the purchase of a manufacturing facility in Boise. In 1994 Morrison Knudsen created a subsidiary MK Rail Corporation; during the first half of the same decade the MK Rail group expanded with the acquisition of various other locomotive component companies.{{cite web|url=http://edgar.secdatabase.com/2431/91205794000742/filing-main.htm |title=MK Rail Corporation, Form 8-K, Current Report, Filing Date Mar 2, 1994 |publisher=secdatabase.com |access-date =May 10, 2018}} In 1996, MK Rail group separated from the parent Morrison Knudsen and adopted the name MotivePower Industries Corporation.{{cite web|url=http://pdf.secdatabase.com/2119/0000919563-97-000002.pdf |title=MK Rail Corporation, Form 10-K, Annual Report, Filing Date Mar 13, 1997 |publisher=secdatabase.com |access-date =May 10, 2018}} In the later half of the 1990s additional companies were acquired – again all in the locomotive components business.[http://www.motivepower-wabtec.com/about/history.php MotivePower Wabtec – history] motivepower-wabtec.com MotivePower, a wholly owned subsidiary of Wabtec, continues to manufacture locomotives.

The corporate logo is said to represent an axial view of a mechanical brake valve, where different air ports line up between the 'stator' and 'rotor' depending upon the handle position.{{cite web|last=Lettenberger|first=Bob|title=Five mind-blowing facts — Wabtec |url=https://www.trains.com/trn/railroads/history/five-mind-blowing-facts-wabtec/|date=May 22, 2023|publisher=Kalmbach Media|work=Trains Newsletter|access-date=May 26, 2023}}

On June 10, 2023, United Electrical, Radio and Machine Workers of America workers at Wabtec's Erie, Pennsylvania, plant went on strike. Issues included pay, healthcare benefits, paid time off, prohibitions on grievance strikes, and the number of tier-4 emission rules compliant locomotives built at the Erie plant.{{cite news |title=No proposals in latest bargaining session between Wabtec, union in Erie |url=https://eu.goerie.com/story/news/local/2023/07/26/wabtec-erie-pa-ue-506-618-strike-make-no-progress-in-latest-bargaining-sessons-federal-mediator/70471800007/ |access-date=28 July 2023 |work=Erie Times-News}}{{cite news |last1=Lyons |first1=Kim |title=Wabtec strike passes 30-day mark as workers push for greener locomotives |url=https://www.penncapital-star.com/energy-environment/wabtec-strike-passes-30-day-mark-as-workers-push-for-greener-locomotives/ |access-date=28 July 2023 |work=Pennsylvania Capital-Star |date=25 July 2023}}{{cite news |last1=Samora |first1=Sara |title=Why are workers at Wabtec's Pennsylvania manufacturing site striking? |url=https://www.manufacturingdive.com/news/what-is-going-on-at-wabtecs-pennsylvania-plant/688053/ |access-date=28 July 2023 |work=Manufacturing Dive |publisher=Informa |date=18 July 2023}}{{cite news |last1=Press |first1=Alex |title=Wabtec Workers Walk Out for Grievance Strikes and Green Locomotives |url=https://www.labornotes.org/2023/06/wabtec-workers-walk-out-grievance-strikes-and-green-locomotives |access-date=28 July 2023 |date=27 June 2023}} The strike ended on August 31 with an agreement that raised the pay of workers.{{cite news |last1=Martin |first1=Jim |title=10-week strike at Wabtec's Erie plant is over: UE votes to ratify tentative agreement |url=https://eu.goerie.com/story/news/2023/08/31/wabtec-erie-pa-union-ue-local-506-to-return-to-work-as-strike-ends/70728606007/ |access-date=1 September 2023 |work=Erie Times-News |date=31 August 2023}}

In March 2010, Wabtec announced that it had purchased Xorail, a railway signaling design and construction company for $40 million.{{cite web|url=http://edgar.secdatabase.com/294/119312510094230/filing-main.htm |title=Wabtec Corporation, Form 8-K, Current Report, Filing Date Apr 27, 2010 |publisher=secdatabase.com |access-date =May 10, 2018}}{{Cite web|url=http://www.railwaygazette.com/news/single-view/view/wabtec-buys-signalling-supplier-xorail.html|title=Wabtec buys signalling supplier Xorail|access-date=April 27, 2015|archive-date=August 13, 2014|archive-url=https://web.archive.org/web/20140813111918/http://www.railwaygazette.com/news/single-view/view/wabtec-buys-signalling-supplier-xorail.html|url-status=dead}} In July 2010, Wabtec announced the plan to purchase two manufacturers of rail equipment, G&B Specialties and Bach-Simpson Corp.{{cite web|url=http://edgar.secdatabase.com/1286/119312510167198/filing-main.htm |title=Wabtec Corporation, Form 8-K, Current Report, Filing Date Jul 27, 2010 |publisher=secdatabase.com |access-date =May 10, 2018}} The companies produce track products and locomotive components respectively. The acquisition of G&B Specialties was completed on July 28, 2010, for approximately $31.8 million. The acquisition of Bach-Simpson Corporation was completed on August 20, 2010, for approximately $12.0 million.{{cite web|url=http://edgar.secdatabase.com/1417/119312510251301/filing-main.htm |title=Wabtec Corporation, Form 10-Q, Quarterly Report, Filing Date Nov 8, 2010 |publisher=secdatabase.com |access-date =May 10, 2018}} In November 2010, Wabtec acquired all of the assets of Swiger Coil Systems, a Cleveland-based manufacturer of traction motors and electric coils for rail and power generation markets, for approximately $43.0 million.{{cite web|url=http://edgar.secdatabase.com/2320/119312511046939/filing-main.htm |title=Wabtec Corporation, Form 10-K, Annual Report, Filing Date Feb 25, 2011 |publisher=secdatabase.com |access-date =May 10, 2018}}

On June 14, 2012, Wabtec acquired Mors Smitt Holding for a purchase price of $88.4 million.{{cite web|url=http://edgar.secdatabase.com/292/119312512331482/filing-main.htm |title=Wabtec Corporation, Form 10-Q, Quarterly Report, Filing Date Aug 2, 2012 |publisher=secdatabase.com |access-date =May 10, 2018}} On June 6, 2014, Wabtec acquired Fandstan Electric Group, a rail and industrial equipment manufacturer, for a purchase price of $199.4 million.{{cite web|url=http://edgar.secdatabase.com/1792/162828016011421/filing-main.htm |title=Wabtec Corporation, Form 10-K, Annual Report, Filing Date Feb 19, 2016 |publisher=secdatabase.com |access-date =May 10, 2018}} On June 17, 2015, Wabtec acquired all three units of Metalocaucho (MTC), which are leaders in the field of suspension and anti-vibration systems in Spain, China and India, for a purchase price of $23.4 million.{{cite web|url=http://edgar.secdatabase.com/37/162828015008000/filing-main.htm |title=Wabtec Corporation, Form 10-Q, Quarterly Report, Filing Date Oct 29, 2015 |publisher=secdatabase.com |access-date =May 10, 2018}} On July 27, 2015, Wabtec announced that it plans to purchase 51% of Faiveley Transport's shares in a cash-and-stock deal valued at $1.8 billion, including debt.{{cite web|url=http://pdf.secdatabase.com/2110/0001193125-15-263323.pdf |title=Wabtec Corporation, Form 8-K, Current Report, Filing Date Jul 27, 2015 |publisher=secdatabase.com |access-date =May 10, 2018}}{{cite web|url=https://www.reuters.com/article/us-wabtec-deals-idUSKCN0Q11G620150727|title=Wabtec to buy Faiveley Transport for $1.8 billion, including debt|publisher=Reuters|date=July 27, 2015|access-date=July 27, 2015}} The deal closed on December 1, 2016, for a total of $1.7 billion.{{cite web|url=http://edgar.secdatabase.com/2893/119312516781600/filing-main.htm |title=Wabtec Corporation, Form 8-K, Current Report, Filing Date Dec 1, 2016 |publisher=secdatabase.com |access-date =May 10, 2018}}

On August 21, 2014, Wabtec acquired Dia-Frag, a manufacturer of friction products including motorcycle braking, for a purchase price of $70.6 million. On October 12, 2015, Wabtec announced its acquisition of lineside sensor manufacturer Track IQ.{{cite magazine |title=Wabtec acquires lineside sensor supplier Track IQ |url=http://www.railwaygazette.com/news/business/single-view/view/wabtec-acquires-lineside-sensor-supplier-track-iq.html |magazine=Railway Gazette International|access-date=12 July 2018 |archive-date=July 13, 2018 |archive-url=https://web.archive.org/web/20180713042938/http://www.railwaygazette.com/news/business/single-view/view/wabtec-acquires-lineside-sensor-supplier-track-iq.html |url-status=dead }} On April 20, 2018, it was reported that General Electric (GE), undergoing a strategic review, was in talks to sell its century-old locomotive business, GE Transportation, to Wabtec, according to people familiar with the matter.{{cite web|url=https://www.bloomberg.com/amp/news/articles/2018-04-20/ge-is-said-in-talks-to-unload-rail-business-in-deal-with-wabtec|title=GE Is in Talks to Unload Rail Business in Deal With Wabtec|publisher=Bloomberg Business|date=April 20, 2018|access-date=April 21, 2018}} On May 21, 2018, GE and Wabtec confirmed the merger of GE Transportation with Wabtec in an $11 billion deal, completed on February 25, 2019, which saw Wabtec shareholders take a 50.8% shareholding in the merged company, with GE shareholders owning 24.3% and GE itself 24.9%.{{cite web|url=https://www.wsj.com/articles/ge-to-merge-rail-division-with-wabtec-in-11-billion-deal-1526904626 |title=GE to Merge Rail Division With Wabtec in $11 Billion Deal|publisher=Wall Street Journal|date=May 21, 2018|access-date=May 21, 2018}}[https://www.railwaygazette.com/news/business/single-view/view/wabtec-and-ge-transportation-complete-merger.html Wabtec and GE Transportation complete merger] {{Webarchive|url=https://web.archive.org/web/20200801015058/https://www.railwaygazette.com/news/business/single-view/view/wabtec-and-ge-transportation-complete-merger.html |date=August 1, 2020 }} Railway Gazette International February 25, 2019 On 4 January 2022, it was announced that Wabtec had acquired the New Delhi-based railway friction business, Masu, for 34 million USD.{{Cite web|date=2022-01-04|title=Wabtec Acquires MASU's Railway Friction Business|url=https://www.businesswire.com/news/home/20220104005180/en/Wabtec-Acquires-MASU%E2%80%99s-Railway-Friction-Business|access-date=2022-01-04|website=www.businesswire.com|language=en}}{{Cite web|date=2022-01-04|title=Wabtec buys Indian rail friction business|url=https://www.railjournal.com/financial/wabtec-buys-indian-rail-friction-business/|access-date=2022-01-04|website=International Railway Journal|language=en}}

On 20 April 2022, it was announced that Wabtec acquired Trimble’s Beena Vision business.{{Cite web |title=Wabtec to Acquire Trimble's Beena Vision Business to Extend its Digital Rail Inspection Portfolio |url=https://www.wabteccorp.com/newsroom/press-releases/wabtec-to-acquire-trimble-s-beena-vision-business-to-extend-its-digital-rail-inspection-portfolio |access-date=2023-08-02 |website=Wabtec Corporation}} On 16 June 2022, it was announced that Wabtec acquired Collins Aerospace ARINC rail solutions.{{Cite web |title=Wabtec Acquires Collins Aerospace's ARINC Rail Solutions Business to Extend Rail Optimization Portfolio |url=https://www.wabteccorp.com/newsroom/press-releases/wabtec-acquires-collins-aerospace-s-arinc-rail-solutions-business-to-extend-rail-optimization-portfolio |access-date=2023-03-07 |website=Wabtec Corporation}} On 16 June 2023, it was announced that Wabtec acquired L&M Radiator, a heat exchanger manufacturer in Hibbing, Minnesota.{{Cite web |title=Wabtec Acquires L&M Radiator |url=https://www.wabteccorp.com/newsroom/press-releases/wabtec-acquires-lm-radiator-inc |access-date=July 31, 2024 |website=Wabtec Corporation}}

Wabtec bought Brush Traction of Loughborough, an English locomotive builder and maintainer, for US$31 million on 25 February 2011.{{cite web|url=http://edgar.secdatabase.com/73/119312511131663/filing-main.htm |title=Wabtec Corporation, Form 10-Q, Quarterly Report, Filing Date May 9, 2011 |publisher=secdatabase.com |access-date =May 10, 2018}}Wabtec acquires Brush Traction International Railway Journal April 2011 page 20

In November 2011, Wabtec acquired Bearward Engineering, an industrial radiator manufacturer employing some 300 people based in Northampton, England. Bearward Engineering mainly makes cooling systems for power generators. At the time of purchase Bearward had an annual sales of US$70 million.{{cite web|url=http://edgar.secdatabase.com/897/119312511297432/filing-main.htm |title=Wabtec Corporation, Form 8-K, Current Report, Filing Date Nov 4, 2011 |publisher=secdatabase.com |access-date =May 10, 2018}}

Wabtec Rail Limited is a railway engineering company based in at the Doncaster Works in Doncaster, England. Services include the overhaul and repair of railway rolling stock and components. Wabtec Rail occupies part of the former British Rail Engineering Limited site known locally as the Plant Works. The two main unions on site (Unite and RMT) gave notice on November 3, 2014, of their intention to ballot their members for industrial action over a pay dispute, for the first time in Wabtec Rail Limited's history.{{cite web|url=http://www.wabtecrail.co.uk/news_managers_new.htm|title=Wabtec Rail UK|publisher=Wabtecrail.co.uk|access-date=2014-03-25}}

Wabtec Rail Scotland occupies the Kilmarnock works of the former locomotive builder Andrew Barclay Sons & Co.

Wabtec announced the $48 million acquisition of diesel engine, transmission and bogie overhaul and industrial locomotive supplier LH Group on October 1, 2012.{{cite web|url=http://edgar.secdatabase.com/293/119312512448444/filing-main.htm |title=Wabtec Corporation, Form 10-Q, Quarterly Report, Filing Date Nov 2, 2012 |publisher=secdatabase.com |access-date =May 10, 2018}} Based at Barton-under-Needwood in Staffordshire, LH has around 400 employees and annual sales of US$65m, about 10% of which are in non-rail markets.

In September 2021, at an event in Pittsburgh, Wabtec unveiled the world’s first battery-electric freight locomotive. It was the result of a joint venture with Carnegie Mellon University, and is part of an initiative by the two organizations to develop zero-emissions technology. Using a traditional locomotive body, the usual diesel engine has been replaced by a large bank of batteries, which drive the traction motors of the locomotive. Regenerative braking is used to help recharge the batteries.

Wabtec claimed that the next version of the locomotive, to be developed within two years, would reduce the consumption of diesel fuel by nearly a third, and that emissions could entirely eliminated through the development of accompanying hydrogen fuel cells. {{cite news |last1=Milman |first1=Oliver |title='Dramatically more powerful': world's first battery-electric freight train unveiled |url=https://www.theguardian.com/us-news/2021/sep/16/battery-electric-freight-train-wabtec-rail-transport-emissions |access-date=2021-12-15 |work=The Guardian |date=2021-09-16}}

The first battery locomotives were for the Roy Hill railway.

• Brecknell Willis

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Category:American brands

Category:Rolling stock manufacturers of the United States

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