Wabtec and GE Transportation to Merge, Creating Global Leader for Rail Equipment, Services and Software

WILMERDING, Pa. and CHICAGO, May 21 (Korea Bizwire) — Wabtec Corporation (NYSE:WAB) has entered into a definitive agreement to combine with GE Transportation, a unit of General Electric Company (NYSE:GE). The combination will make Wabtec a Fortune 500, global transportation leader in rail equipment, software and services, with operations in more than 50 countries. Under [...]