Wabtec rises on deal to buy Evident's inspection technologies unit

Westinghouse Air Brake Technologies

14/01/2025 14:38

** Heavy industrial parts maker Wabtec Corp's  WAB.N  shares
up 1.4% at $194.41 in morning trade
    ** Wabtec agrees to acquire Evident's inspection
technologies division for $1.78 billion
    ** Co expects deal to be slightly accretive to adj. EPS in
the first year of ownership
    ** Deal is expected to be finalized by the end of the first
half of 2025
    ** As of last close, shares up ~1.2% YTD
   

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.Chaudhary@thomsonreuters.com))