Wabtec acquires Bloom Engineering to enhance heat transfer and energy solutions [Yahoo! Finance]
Westinghouse Air Brake Technologies Corporation (WAB)
Last westinghouse air brake technologies corporation earnings: 2/18 06:58 am
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Source: Yahoo! Finance
industrial heating solutions, to bolster its heat transfer and energy solutions portfolio. The acquisition, completed in the fourth quarter (Q4) of financial year 2024 for $69m in cash, was financed through available cash and a revolving credit facility. As part of the transaction, Bloom Engineering will be integrated into Wabtec's Freight and Industrial Components Group. This move integrates Bloom's burner and combustion system technologies into Wabtec's product range, aiming to accelerate growth in this market segment. Headquartered in Pittsburgh, US, Bloom Engineering offers custom-engineered industrial combustion products since it was founded in 1934 by Fred Bloom. With a footprint that includes the US, Germany, India, and China, the company has secured more than 80 patents in combustion and furnace technology. Bloom's design and engineering expertise is expected to complement Wabtec's existing capabilities. Wabtec Freight & Industrial Components Group president Mike
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News
- Three Reasons to Avoid MU and One Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- Wabtec to Benefit From Bloom Engineering Buyout: Here's How [Yahoo! Finance]Yahoo! Finance
- Wabtec Acquires Bloom Engineering to Strengthen its Heat Transfer and Energy Solution Portfolio [Yahoo! Finance]Yahoo! Finance
- Wabtec Acquires Bloom Engineering to Strengthen its Heat Transfer and Energy Solution PortfolioBusiness Wire
- Three Reasons Why IIIN is Risky and One Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
WAB
Earnings
- 10/23/24 - Beat
WAB
Sec Filings
- 12/9/24 - Form 8-K
- 12/4/24 - Form 8-K
- 11/27/24 - Form 4
- WAB's page on the SEC website