secwatch.observer — SEC 8-K summary
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Issuer:     WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)
CIK:        0000943452
Form:       8-K
Filed at:   2025-01-14T23:59:59+00:00
Accession:  0001140361-25-001006
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wabtec acquires Evident Inspection Technologies for $1.78B; expects H1 2025 close
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- Purchase price $1.78B ($1.68B after tax benefits); 12.0x projected 2025 Adj. EBITDA.
- Evident 2024 revenue ~$433M, EBITDA ~$112M (25.9% margin); ~68% recurring revenue.
- Expands Digital Intelligence TAM from $8B to $16B; accretive to Adj. EPS in year one.
- Expected H1 2025 close; $25M run-rate cost synergies identified; regulatory approvals pending.
- Evident has 1,300+ team members and four engineering/production facilities in North America and Japan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943452/000114036125001006/0001140361-25-001006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943452/000114036125001006/ef20041523_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-001006

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