Wabtec Corp has recently undertaken a series of acquisitions, collaborations, and technological advancements to boost its portfolio. The company
acquired Bloom Engineering to strengthen its heat transfer and energy solution capabilities. This $69M buyout will significantly expand Wabtec's industrial heating solutions. Wabtec's stock has reportedly been on the rise, despite fluctuating market conditions. The company also bagged a deal supplying passenger information systems for Munich's S-Bahn trains. Wabtec's Green Friction Technology has officially begun commercial operations in Paris, aiming to improve air quality within rail tunnels. The company recently announced its Q3 earnings, and though WAB missed Q3 sales targets, it was
upgraded to a strong buy, making it an enticing asset for growth investors. Wabtec secured a $277-million locomotive order from SimFer and finalized a $405-million locomotive deal with Kazakhstan Temir Zholy, which is positively affecting its stock. A
new manufacturing hub geared towards digital sales and international orders has been inaugurated. Wabtec was also awarded a $157 million brake system order from Siemens Limited. The company has indicated its dedication to sustainability and human rights, earning top placement in the Human Rights Campaign foundation's Corporate Equality Index.
Wabtec WAB News Analytics from Fri, 06 Aug 2021 07:00:00 GMT to Sat, 04 Jan 2025 09:22:02 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -6
