Construction M&A » By The Online Investor Staff, updated Fri., Jun. 9, 7:53 AM
Recent mergers and acquisitions in the Construction M&A category.
| This Slide: #53 of 100 |
Slide #53. Wabtec Corporation — Longwood Industries, Inc
Acquirer:
Wabtec Corporation (NYSE:WAB)
Acquiree:
Longwood Industries, Inc
Details:
Wabtec Corporation (NYSE: WAB) has acquired Longwood Industries, Inc., a manufacturer of specialty rubber products for transportation, oil and gas, and industrial markets, with annual sales of about $70 million. Wabtec expects the transaction to be accretive in the first year.
Wabtec primarily serves the global freight rail and passenger transit industries. Co. provides its products and services via two main segments: the Freight, which manufactures and provides aftermarket parts and services for new locomotives; provides components for new and existing locomotives and freight cars; builds new commuter locomotives; supplies rail control and infrastructure products including electronics, positive train control equipment, signal design and engineering services; and provides a suite of software-enabled solutions in the transportation and mining industries; and the Transit, which manufactures and services components for new and existing passenger transit vehicles.
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Avg. Broker Rec.
 
|
Buy (2.87 out of 4) 19th percentile
(ranked lower than approx. 81% of all stocks covered)
Analysts' Target Price: WAB Stock Forecast Based on Zacks ABR data; powered by Xignite |
