On the Record · Westinghouse Air Brake Technologies
Westinghouse Air Brake Technologies acquisitions, on the record
The businesses Westinghouse Air Brake Technologies bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Lokomotiv Kurastyru Zauyty (LKZ)Word for word“During the fourth quarter of 2023, the Company purchased the remaining ownership shares of LKZ, a locomotive manufacturing and assembly company located in Kazakhstan for $111 million, at which time it became a wholly owned subsidiary of the Company.” 10-K for 2023 | acquisition | — | $111 million |
L&M Radiator, Inc.Word for word“During the second quarter of 2023, the Company acquired L&M Radiator, Inc., a leading manufacturer of heavy-duty equipment radiators and heat exchangers for the mining sector, for a purchase price of approximately $ 245 million.” 10-K for 2023 | acquisition | During the second quarter of 2023 | approximately $ 245 million |
three strategic acquisitions in the Freight SegmentWord for word“During 2022, the Company made three strategic acquisitions in the Freight Segment for a combined purchase price of $89 million.” 10-K for 2023 | acquisition | During 2022 | a combined purchase price of $89 million |
NordcoWord for word“The purchase price paid for 100 % ownership of Nordco was approximately $ 410 million.” 10-K for 2023 | acquisition | — | approximately $ 410 million |
Faiveley Transport, S.A.Word for word“the 2017 acquisition of Faiveley Transport, S.A. (“Faiveley Transport”), a leading provider of value-added, integrated systems and services, primarily for the global transit rail market.” 10-K for 2023 | acquisition | 2017 | — |
GE Transportation, a business unit of General Electric CompanyWord for word“the 2019 acquisition of GE Transportation, a business unit of General Electric Company.” 10-K for 2023 | acquisition | 2019 | — |
MotivePower Industries, Inc.Word for word“the 1999 merger with MotivePower Industries, Inc. whereby the Company adopted its current name of Westinghouse Air Brake Technologies Corporation, or Wabtec;” 10-K for 2023 | merger | 1999 | — |
American Standard, Inc. (certain assets and operations)Word for word“Westinghouse Air Brake Company (“WABCO”) was formed in 1990 when it acquired certain assets and operations from American Standard, Inc., now known as Trane (“Trane”).” 10-K for 2024 | acquisition | 1990 | — |
four strategic acquisitions in 2024 (including Tehnika Pty. Ltd., Fanox Electronic, S.L., Kompozitum s.r.o., and Bloom Engineering Holdings, Inc.)Word for word“During 2024, the Company made four strategic acquisitions for a combined purchase price of approximately $168 million, net of cash acquired.” 10-K for 2024 | acquisition | During 2024 | approximately $168 million, net of cash acquired |
Evident’s Inspection Technologies division (formerly part of the Scientific Solutions Division of Olympus Corporation)Word for word“On January 14, 2025, Wabtec announced a definitive agreement to acquire Evident’s Inspection Technologies division (Inspection Technologies), formerly part of the Scientific Solutions Division of Olympus Corporation, a global leader in Non-Destructive Testing, Remote Visual Inspection and Analytical Instruments solutions for mission critical assets, for $1.78 billion.” 10-K for 2024 | agreed acquisition | January 14, 2025 | $1.78 billion |
Inspection TechnologiesWord for word“On July 1, 2025, the Company acquired Inspection Technologies for approximately $1.788 billion.” 10-K for 2025 | acquisition | On July 1, 2025 | approximately $1.788 billion |
FrauscherWord for word“On December 1, 2025, the Company acquired Frauscher, a global market leader in train detection, wayside object control solutions and axle counting systems, for approximately $792 million.” 10-K for 2025 | acquisition | On December 1, 2025 | approximately $792 million |
Dellner CouplersWord for word“On March 18, 2025, Wabtec announced a definitive agreement to acquire Dellner Couplers, with a purchase price of approximately €890 million.” 10-K for 2025 | acquisition | — | approximately €890 million |
Locomotiv Kurastyru Zuayty (LKZ)Word for word“During the fourth quarter of 2023, the Company purchased the remaining ownership shares of Locomotiv Kurastyru Zuayty ("LKZ"), a locomotive manufacturing and assembly company located in Kazakhstan for $111 million, at which time it became a wholly owned subsidiary of the Company.” 10-K for 2025 | acquisition | During the fourth quarter of 2023 | $111 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $183.1 million | $1.24 billion |
| 2017-12-31 | $945.3 million | $186.5 million |
| 2018-12-31 | $51.2 million | $23.3 million |
| 2019-12-31 | $3 billion | $6 billion |
| 2020-12-31 | $40 million | $2 million |
| 2021-12-31 | $435 million | $229 million |
| 2022-12-31 | $89 million | $35 million |
| 2023-12-31 | $308 million | $215 million |
| 2024-12-31 | $168 million | $85 million |
| 2025-12-31 | $2.52 billion | $1.32 billion |
Deal filings since 2016
- 2025-05-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-04-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-03-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-03-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-08-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-06-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-06-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-02-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-02-25 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-09-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-06-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-05-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-03-13 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-03-13 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-02-14 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-02-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-12-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-11-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-11-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-10-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-06-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Westinghouse Air Brake Technologies’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.