Announced
Synopsis
Wabtec, a provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, agreed to acquire the inspection technologies division from Evident, a scientific research and development company, for $1.78bn. “The addition of Inspection Technologies aligns with our growth strategy to accelerate the innovation of scalable technologies, increase our installed base, expand high margin recurring revenues and continuously drive operational performance,” Rafael Santana, Wabtec President and CEO.
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