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KM Financial Solutions | UPDATE 2-GE merges transportation unit with Wabtec in $11.1 bln deal
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UPDATE 2-GE merges transportation unit with Wabtec in $11.1 bln deal

20 May UPDATE 2-GE merges transportation unit with Wabtec in $11.1 bln deal

Posted at 12:40h in News by
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May 21 (Reuters) – General Electric Co confirmed on
Monday it was unloading the bulk of its transportation business
which makes train engines to Wabtec Corp, a U.S.
manufacturer of equipment for the rail industry, in a deal
valued at about $11.1 billion.

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