Wabtec Corporation completed the acquisition of inspection technologies division of Bain Capital-backed Evident Scientific for $1.78b.

Wabtec Corporation, a global provider of equipment, systems, digital solutions, and value-added services for the freight and transit rail industries, as well as the mining, marine, and industrial markets, completed the acquisition of inspection technologies division of Bain Capital-backed Evident Scientific, a provider of advanced life science and industrial solutions, for $1.78b. “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.