Westinghouse Air Brake Technologies Acquires Fanox, Kompozitum for $110 Million to Support Transit Business

MT Newswires Live11-12 23:16

Westinghouse Air Brake Technologies (WAB) said Tuesday it has purchased Fanox and Kompozitum for $110 million in an effort to support its transit business.

The provider of services for transit vehicles said the acquisition of Fanox will broaden its expertise in producing specialized relays used in train operations and industrial applications. Kompozitum's integration is expected to support manufacturing and quality for Wabtec's pantograph products while advancing its carbon and graphite products and services, the company said.

Wabtec said the deal, which was funded through cash reserves and a revolving credit line, is expected to contribute immediately to earnings per share.

Price: 200.75, Change: -0.42, Percent Change: -0.21

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2482081913?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-12 23:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2482081913","market":"nz","top_or_hot":-1,"title":"Westinghouse Air Brake Technologies Acquires Fanox, Kompozitum for $110 Million to Support Transit Business","media":"MT Newswires Live","content":"<html><body><p> Westinghouse Air Brake Technologies (WAB) said Tuesday it has purchased Fanox and Kompozitum for $110 million in an effort to support its transit business.</p><p>The provider of services for transit vehicles said the acquisition of Fanox will broaden its expertise in producing specialized relays used in train operations and industrial applications. Kompozitum's integration is expected to support manufacturing and quality for Wabtec's pantograph products while advancing its carbon and graphite products and services, the company said.</p><p>Wabtec said the deal, which was funded through cash reserves and a revolving credit line, is expected to contribute immediately to earnings per share.</p><p>Price: 200.75, Change: -0.42, Percent Change: -0.21</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Westinghouse Air Brake Technologies Acquires Fanox, Kompozitum for $110 Million to Support Transit Business</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWestinghouse Air Brake Technologies Acquires Fanox, Kompozitum for $110 Million to Support Transit Business\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-12 23:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Westinghouse Air Brake Technologies (WAB) said Tuesday it has purchased Fanox and Kompozitum for $110 million in an effort to support its transit business.The provider of services for transit vehicles...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1923622291.USD","symbol_name":"Natixis Thematics Safety R/A USD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2482081913","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482081913","pubTimestamp":1731424565,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Westinghouse Air Brake Technologies  said Tuesday it has purchased Fanox and Kompozitum for $110 million in an effort to support its transit business.The provider of services for transit vehicles said the acquisition of Fanox will broaden its expertise in producing specialized relays used in train operations and industrial applications. Kompozitum's integration is expected to support manufacturing and quality for Wabtec's pantograph products while advancing its carbon and graphite products and services, the company said.Wabtec said the deal, which was funded through cash reserves and a revolving credit line, is expected to contribute immediately to earnings per share.Price: 200.75, Change: -0.42, Percent Change: -0.21","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1923622291.USD":"Natixis Thematics Safety R/A USD","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","WAB":"美国西屋制动","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","BK4149":"建筑机械与重型卡车","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","BK4585":"ETF&股票定投概念","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4588":"碎股"},"translate_title":"西屋空气制动技术公司以1.1亿美元收购Fanox、Kompozitum以支持交通业务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WAB":1},"content_text":"Westinghouse Air Brake Technologies (WAB) said Tuesday it has purchased Fanox and Kompozitum for $110 million in an effort to support its transit business.The provider of services for transit vehicles said the acquisition of Fanox will broaden its expertise in producing specialized relays used in train operations and industrial applications. Kompozitum's integration is expected to support manufacturing and quality for Wabtec's pantograph products while advancing its carbon and graphite products and services, the company said.Wabtec said the deal, which was funded through cash reserves and a revolving credit line, is expected to contribute immediately to earnings per share.Price: 200.75, Change: -0.42, Percent Change: -0.21","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Company Corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482081913"}