Wabtec to Benefit From Bloom Engineering Buyout: Here's How [Yahoo! Finance]
Westinghouse Air Brake Technologies Corporation (WAB)
Last westinghouse air brake technologies corporation earnings: 2/18 06:58 am
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US:NYSE Investor Relations:
wabtec.com/investors
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Source: Yahoo! Finance
To this end, Wabtec announced the acquisition of Bloom Engineering, Inc., a provider of industrial heating applications. Wabtec acquired Bloom Engineering in the fourth quarter for $69 million in cash, financed through cash on hand and a revolving credit facility. Bloom Engineering will be joining Wabtec's Freight and Industrial Components Group. Mike Fetsko, president of Wabtec's Freight & Industrial Components Group, stated, “This is another exciting addition to Wabtec. Bloom Engineering is a great fit within our Heat Transfer and Energy Solutions business, and we already serve many of the same customers. Our shared vision toward driving customer productivity within their industrial processes will enable us to deliver a more comprehensive portfolio for our customers to operate more efficiently and sustainably.” How Will Wabtec Benefit? The inclusion of Bloom Engineering is expected to be immediately accretive to WAB's earnings, excluding transaction costs (with strong synerg
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News
- 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
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- Why Westinghouse Air Brake Technologies (WAB) is a Top Growth Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
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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