Wabtec to Benefit From Fanox & Kompozitum Buyout: Here's How

Wabtec Corporation (WAB) is strengthening its operations with strategic acquisitions. To this end, Wabtec announced the acquisitions of Fanox and Kompozitum. Wabtec is purchasing the two companies for a $110 million cash transaction, financed through cash on hand and a revolving credit facility.The two companies will join Wabtec’s Transit business (which recently reported third-quarter 2024 net sales of$733 million, up 9.6% year over year due to strong aftermarket sales. The segmental adjusted operating ma ...