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Wabtec Corporation history
Wabtec Corporation company history timeline
Because the businesses of the two companies complemented one another, investors reacted positively when a $557 million stock swap was announced in June 1999.
During 2000, Wabtec consolidated its new operations.
The Westinghouse Air Brake Company continued to produce air brakes until 2000.
In February 2001, Kassling announced that because the company was well positioned financially and strategically for the future he decided to turn over the job of chief executive to Gregory T.H. Davies, who had led the restructuring program.
Another company, WABCO Vehicle Control Systems, also created from the Westinghouse Brake Company, is independent of Wabtec and was spun off by American Standard Companies (the ultimate owner) in 2007.
In November, 2017 General Electric first reported its plan to spin off this successful subsidiary.
It became official in a press release made public at 7 AM on May 21, 2018 when Wabtec Corporation and GE Transportation announced their merger intentions.
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Zippia gives an in-depth look into the details of Wabtec Corporation, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Wabtec Corporation. The employee data is based on information from people who have self-reported their past or current employments at Wabtec Corporation. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Wabtec Corporation. The data presented on this page does not represent the view of Wabtec Corporation and its employees or that of Zippia.
Wabtec Corporation may also be known as or be related to The Wabtec Foundation, Wabtec Corporation, Wabtec Railway Electronics and Westinghouse Air Brake Technologies Corporation.