• Airways
  • Railway
  • Roadways
  • Shipping & Port
Transport Advancement
  • Home
  • News
  • Projects
    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

    CX North America Releases Next-Generation Mobile App for Drivers

  • Articles
  • Press Statements
  • Market Reports
    MaaS

    Mobility as a Service – MaaS Set To Witness A Global Demand

    Transportation growth in Tourism

    On-Demand Transportation Throttles Growth in Tourism

    Achieving Global Retail Expansion And Sustained Growth

    Shifting Sourcing strategies with Maersk, Bose & Infineon – Reuters Events

    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

    HPC leads machine learning initiative at Hamburg container terminal

    Chinas busiest port sees growth in sea-rail transport

    IATA health checklist to help airlines implement ICAO Covid-19 guidance

    Air cargo demand helps Korean to Q3 operating profit

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Transoft acquired Keysoft Solutions

    Transoft Solutions Completes Acquisition of Uk-based Keysoft Solutions

  • Events
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Projects
    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

    CX North America Releases Next-Generation Mobile App for Drivers

  • Articles
  • Press Statements
  • Market Reports
    MaaS

    Mobility as a Service – MaaS Set To Witness A Global Demand

    Transportation growth in Tourism

    On-Demand Transportation Throttles Growth in Tourism

    Achieving Global Retail Expansion And Sustained Growth

    Shifting Sourcing strategies with Maersk, Bose & Infineon – Reuters Events

    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

    HPC leads machine learning initiative at Hamburg container terminal

    Chinas busiest port sees growth in sea-rail transport

    IATA health checklist to help airlines implement ICAO Covid-19 guidance

    Air cargo demand helps Korean to Q3 operating profit

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Transoft acquired Keysoft Solutions

    Transoft Solutions Completes Acquisition of Uk-based Keysoft Solutions

  • Events
  • Contact Us
No Result
View All Result
Transport Advancement
No Result
View All Result
Home Europe

Wabtec to acquire France’s Faiveley Transport for $1.8bn

28th July 2015
in Europe, News, Railway
0
SHARES
54
VIEWS
Share on FacebookShare on Twitter

US-based Wabtec has confirmed its plans to acquire French rail products firm Faiveley Transport for a total purchase price of $1.8bn, including assumed debt.

The acquisition is expected to create one of the world’s largest public rail equipment supply companies, with revenues between $4bn and $5bn in the worldwide freight rail and passenger transit industry.

The proposed combination would improve Faiveley Transport’s operations in the long term.

“The strong commitment of the Faiveley family as long-term shareholders is a testimony of the powerful industrial rationale of the proposed combination.”

Faiveley Transport, which employs 5,700 people in 24 countries, reported annual sales of $1.2bn in the 2014-2015 financial year.

The company manufactures and supplies products ranging from braking systems and couplers, passenger access systems and platform screen doors, air-conditioning, power collectors and converters, and passenger information systems.

 

Under the deal, Wabtec offers all shareholders of Faiveley to purchase their shares for a consideration consisting of 25% of cash at a value of €100 a share, and 75% of Wabtec preferred shares.

Wabtec expects that following completion of regulatory staff consultation, these shareholders will enter into a definitive agreement.

Faiveley Transport chairman of the management board and chief executive officer Stéphane Rambaud-Measson said: “The combination of our operations with Wabtec would be an excellent strategic move for Faiveley Transport. Our complementarity is remarkable, both in terms of product portfolios and geographies.

“This transaction would enable us to pursue our ambition to become a global leader in railway equipment and services in passenger transit. Faiveley Transport would double-size with the contribution of Wabtec’s transit division, thus enlarging the French industrial footprint of the group.

“The strong commitment of the Faiveley family as long-term shareholders is a testimony of the powerful industrial rationale of the proposed combination.”

Following completion of the deal, Rambaud-Measson will join Wabtec as president and chief executive officer of Wabtec’s Faiveley Transport group and as Wabtec corporate executive vice-president.

Wabtec president and chief executive officer Raymond Betler said: “Faiveley Transport’s transit business would become the basis for our offerings in this sector and expand our reach in Europe and Asia-Pacific in particular.”

Wabtec provides value-added, technology-based products and services for freight rail, passenger transit and other industrial segments.

It also manufactures a range of products for locomotives, freight cars and passenger transit vehicles, new switcher and commuter locomotives and provides aftermarket services.

Previous Post

Australian Government grants funds to fix local black spots in Victoria

Next Post

Arup wins Bristol rail link design contract

Related Posts

VIAVI
Press Statements

VIAVI Test Solutions Boost Future-Ready FRMCS Networks

12th May 2025
Airlines Adopt Innovative
Airways

Airlines Adopt Innovative Ways to Procure Aircraft Parts

2nd May 2025
London Paris High Speed Rail Link
High-Speed Railways

FS Groups London-Paris High-Speed Rail Link on the Cards

15th April 2025
Swedish Transport Electric Bus
News

Swedish Transport Operator Orders 81 Solaris Electric Buses

15th April 2025
JBM New Electric Bus Design
Europe

JBM to Rollout New Electric Bus Designed for European Market

15th April 2025
Europe High Speed Rail
Europe

Starline: Europe High-Speed Rail with Metro-Like Function

15th April 2025
Next Post

Bombardier wins $308m vehicle maintenance contract for new Eglinton Crosstown LRT

Latest Post

Airlines Adopt Innovative
Airways

Airlines Adopt Innovative Ways to Procure Aircraft Parts

2nd May 2025
Airways

DHL & Senior Aerospace UPECA Partner on SAF Solutions

6th March 2025
Airways

Ireland’s First International Air Delivery of Medicines on 100% Sustainable Aviation Fuel

25th February 2025
Airways

European transport groups call for more green fuel

18th February 2025
Global Demand For Air Cargo Shrinks Even Further In December
Airways

Cathay Cargo Eyes Indian Airlines For Hong Kong Facility

26th September 2024
Royal Schiphol Group announces redevelopment of its affiliate Terminal 4 at New York JFK Airport
Airways

How Private 5G Networks Are Transforming Airport Efficiency

26th September 2024
Transport Advancement

About Us

Transport Advancement is a leading information centric website for latest updates within the industry. We cover Railway, Road Traffic, Airways, Shipping & Port and run with an objective to provide knowledge driven content to our readers and subscribers in various forms like news, projects, upcoming events.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack
  • Newsletter Subscription

System

  • Search
  • Site map
  • RSS Feed
  • Airways
  • Railway
  • Roadways
  • Shipping & Port

© 2022 Copyright Value Media Services 2022 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Articles
  • Press Statements
  • Market Reports
  • Events
  • Contact Us

© 2022 Copyright Value Media Services 2022 All rights reserved.