Wabtec completes acquisition of Evident's Inspection Technologies unit, expanding market potential.

From Yahoo Finance: 2025-07-03 11:15:00

Wabtec has finalized the acquisition of Evident’s Inspection Technologies division, boosting its Digital Intelligence business. The $1.78bn deal expands Wabtec’s market potential from $8bn to approximately $16bn. Financed with a mix of cash, term notes, and credit facilities, the acquisition is projected to create immediate shareholder value.

The transaction is expected to slightly increase adjusted earnings per share by the second half of 2025. Wabtec plans to integrate the financial impact of the acquisition into its full-year financial guidance during the second-quarter earnings call. The deal includes anticipated tax benefits and run-rate cost synergies of $25m.

Wabtec’s CEO and president, Rafael Santana, stated that the addition of Inspection Technologies strengthens the company’s Digital Intelligence business, enhancing its rail, mining, and industrial sectors. The acquisition aligns with Wabtec’s goal to lead the industry in innovation, offering advanced products and services to customers.

In addition to acquiring Inspection Technologies, Wabtec has reached a definitive agreement to purchase Dellner Couplers for $960m in cash. This move, funded through cash reserves and short-term debt, aims to bolster Wabtec’s technology offerings and support growth in the passenger rail systems sector.



Read more at Yahoo Finance: Wabtec completes $1.7bn acquisition of Evident’s Inspection Technologies unit