Wabtec buys Evident's Inspection Technologies for $1.78B to expand in high-tech sectors.

Wabtec Corporation plans to acquire Evident's Inspection Technologies division for $1.78 billion. The deal aims to enhance Wabtec's presence in high-growth sectors by leveraging advanced inspection technologies used in railways, mining, and manufacturing. The acquisition is expected to boost revenue and improve margins, with the transaction set to be completed by mid-2025.

3 months ago
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