Wabtec

Wabtec Corporation

Type	Public (NASDAQ: WAB)
Founded	1999 via merger
Headquarters	Wilmerding, Pennsylvania[1], USA
Number of locations	Various : USA, Europe, Canada, Mexico, Australia, South America. ~50 plants[1]
Key people	Albert J. Neupaver, Presindent and Chief executive officer Alvaro Garcia-Tunon, Senior Vice President and Chief Financial Officer[1]
Industry	Rail industry
Products	Rail braking systems, locomotives, air condition and heat exchanging systems, other rolling stock components[1]
Services	Locomotive servicing, overhaul and repair[1]
Net income	Sales[note 1] 2007: 1360 million $[2] 2006: 1087 million $[3] 2005: 1034 million $[3] 2004: 822 million $[3] 2003: 717 million $[3] 2002: 696 million $[3] Operations:[note 1] 2007: 180million $[2] 2006: 129 million $[3] 2005: 101 million $[3] 2004: 55 million $[3] 2003: 49 million $[3] 2002: 46 million $[3]
Employees	~7000[1]
Divisions	Motive Power Inc.
Website	www.wabtec.com

Wabtec Corporation NYSE: WAB is an American company formed by the merger of the Westinghouse Air Brake Company (WABCO) and MotivePower Industries in 1999.

Wabtec manufactures products for locomotives, freight cars and passenger transit vehicles, and builds new locomotives up to 4,000 horsepower (3 MW).

History

The companies' origins go back as far as 1869 with the foundation of the Westinghouse Brake Company; this company (also known as WA&B later as WABCO) became independent in 1990 via a management buy out and went public in 1995^[4]. Another company: WABCO Vehicle Control Systems also created from the Westinghouse Brake Company is independent of Wabtec and was spun off by American Standard (the ultimate owner) in 2007.

The other company forming Wabtec: Motive Power Industries can be traced back to 1972 with the formation of a Rail Systems Group by the Morrison Knudsen group; and the purchase of a manufacturing facility in Boise. In 1994 Morrison Knudsen created a subsidiary MK Rail Corporation; during the first half of the same decade the MK Rail group expanded with the acquisition of various other locomotive component companies. In 1996 MK Rail group is separated from the parent Morrison Knudsen, in the later half of the 1990s further companies were acquired - again all in the locomotive components business.^[5]

In 1999 MK Rail and WABCO merged to form Wabtec (Westinghouse Air Brake Technologies Corporation)

Company structure

References and notes

Notes

1. ^ ^{a b} Figures rounded down to nearest 1 million

References

See also

• List of Low emission locomotives

External links

• Wabtec corporation company website
  • Motive Power Inc. company website

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