M&A - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

Form Type: 8-K

Filing Date: 2025-01-14

Corporate Action: Acquisition

Type: New

Accession Number: 000114036125001006

Filing Summary: On January 14, 2025, Westinghouse Air Brake Technologies Corporation (the Company) announced that it had entered into a definitive agreement on January 13, 2025, to acquire Evident Inspection Technologies, a business line of Evident Corporation. Evident is recognized as a global leader in Non-Destructive Testing and related solutions, providing technologies that are complementary to Wabtec’s Digital Intelligence business. The acquisition is valued at $1.78 billion, subject to typical adjustments, and aims to enhance Wabtec’s inspection capabilities while expanding its presence in the rail, mining, and industrial sectors, among others. The transaction is contingent upon customary closing conditions and regulatory approvals, with completion expected in the first half of 2025.