American Westinghouse Brake Wabtec Corporation (NYSE: WAB) was founded by George Westinghouse in Pitts, Pennsylvania on September 28, 1869 (moved to Wilmerding in 1889, and continues to this day), formerly known as Westinghouse Air Brake Technologies Corporation (Westinghouse Air Brake Technologies Corporation) Brake Technology Company (or: Westinghouse Air Brake Technology Company), with 18,000 full-time employees, provides technology-based equipment, systems and services for the freight rail and passenger transportation industry worldwide. It is a railway equipment manufacturer , The main product is the brake device of railway equipment.
Westinghouse Brake Wabtec Corporation (WAB):
Of Wabtec = W is estinghouse A IR B RAKE Te chnologies C orporation, by Westinghouse Air Brake Company (Westinghouse Air Brake Company, WABCO) and MotivePower Industries Corporation merger 1999 in USA.
Wabtec is one of two companies formed by the spin-off of the former Westinghouse Air Brake Technologies Corporation. The other is an auto parts manufacturer- WABCO Holdings (WBC) . Wabtec manufactures products for locomotives, trucks and passenger vehicles, and builds new locomotives with up to 4000 horsepower (3 MW).
Westinghouse Brake Company is one of the largest suppliers of railway products and services in North America. While producing a series of components for locomotives, trucks and passenger cars, the company also manufactures shunting locomotives and shuttle locomotives, and provides after-sales services, including truck and locomotive maintenance. Westinghouse Brake has factories all over the world. The mission of Westinghouse Brake is to help users around the world improve product quality, reliability and productivity.
As the successor to Westinghouse Group for the 21st century, under which there are two independent listed companies —- WABCO Vehicle Control Systems ( WABCO Holdings, Inc. , the commercial vehicle braking system, the fall of 2007 from the American Standard Group Independently listed separately) and Westinghouse (Wabtec Corporation, railway equipment manufacturer, which is the part introduced in this article), have operated and operated independently of each other since the 1950s.
American Westinghouse Brake Wabtec Corporation (WAB) business encyclopedia:
Westinghouse Brake is divided into two departments to operate: Freight (freight) and Transit (transport).
1. Freight -Manufacture components and provide services for new and existing locomotives and freight cars; provide railway electronics and active train control equipment; provide signal design and engineering services; construct switching platform locomotives; rebuild freight locomotives; and provide railway and Other industrial markets provide heat exchangers and cooling systems. This division serves railway operators; leasing companies; original equipment manufacturers such as locomotives and wagons; and utilities.
2. Transit -manufacture and provide services for new and old passenger transport vehicles, including regional trains, high-speed trains, subway cars, light rail vehicles and buses; construction of commuter locomotives; and refurbishment of passenger transport vehicles. The department serves public transportation administrations and municipalities, leasing companies, and subway car and bus manufacturers.
The products of Westinghouse Brake Company include:
Forward train control equipment and electronically controlled pneumatic brake products; railway electronic products, including event recorders, monitoring equipment and train terminal equipment; freight trucks and couplers; traction devices, connectors and tension regulators; and air compressors and Clothes dryer.
Its products also include track and switch products; railway brake equipment and related components; friction products consisting of brake shoes and brake pads; window assemblies for buses and subway cars, barrier-free elevators and ramps; and traction motors, and construction , Remanufacturing and overhauling commuter and conversion locomotives and transportation vehicles.
American Westinghouse Brake Wabtec Corporation (WAB) history:
In 1869, Westinghouse Brake Company was founded as the predecessor of the company. In 1990, the company began to operate independently. In 1995, Westinghouse Brake IPO. Another company from Westinghouse Brake Company, WABCO Vehicle Control Systems, operates independently of Wabtec, and was divested by the final boss, American Standard Companies (American Standard Companies) in 2007 .
Wabtec’s other predecessor, MotivePower Industries, was founded in 1972 and was derived from the MK Rail division of Morrison Knudsen Group. In 1994, Morrison Knudsen Group established a new subsidiary, MK Rail Corporation. In 1996, MK Rail was separated from Morrison Knudsen Group and adopted the name MotivePower Industries Corporation. In the second half of the 1990s, a few more companies were acquired-all of which were companies in the locomotive parts business. MotivePower, as a wholly-owned subsidiary of Wabtec, continues to produce locomotives.
- In March 2010, Wabtec announced the acquisition of Xorail, a railway signal design and construction company.
- In July 2010, Wabtec announced that it had acquired two railway equipment manufacturers Bach-Simpson Corp. and G&B Specialties for $48 million. The two companies separately produce locomotive parts and tracking products.
- In November 2010, Wabtec acquired all the assets of Swiger Coil Systems, a manufacturer of traction motors and electrical coils for the railroad and power generation markets in Cleveland, Ohio.
- In June 2015, Wabtec acquired all three units of Metalocaucho (MTC, located in Spain, China and India), a leader in the field of suspension and anti-vibration systems.
- On July 27, 2015, Wabtec announced plans to purchase Faiveley Transport SA in cash and stock transactions worth US$1.8 billion (including debt).
- On April 20, 2018, according to people familiar with the matter, General Electric , which is undergoing strategic evaluation and re-layout, is negotiating to sell its century-old locomotive business to Wabtec.
- On May 20, 2018, General Electric was close to merging the transportation division with Wabtec, and the combined company’s valuation may be approximately US$20 billion.