Construction M&A » By The Online Investor Staff, updated Tue., Dec. 6, 9:08 AM
Recent mergers and acquisitions in the Construction M&A category.
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Slide #60. Wabtec Corporation — Turbonetics
Acquirer:
Wabtec Corporation (NYSE:WAB)
Acquiree:
Turbonetics
Details:
Wabtec Corporation (NYSE: WAB) has acquired Turbonetics Holdings, Inc., a manufacturer of turbochargers and related components for various industrial markets. Turbonetics has annual sales of about $15 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 through two segments: Freight, which primarily manufactures and provides aftermarket parts and services for new locomotives; provides components for new and existing locomotives and freight cars; builds new commuter locomotives; and supplies rail control and infrastructure products, among others: and Transit, which primarily manufactures and services components for new and existing passenger transit vehicles, mainly regional trains, high speed trains, subway cars, light-rail vehicles and buses; and supplies rail control and infrastructure products, among others.
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Avg. Broker Rec.
 
|
Buy (3.11 out of 4) 31st percentile
(ranked lower than approx. 69% of all stocks covered)
Analysts' Target Price: WAB Stock Forecast Based on Zacks ABR data; powered by Xignite |
