Wabtec completes $1.78B acquisition of Evident Inspection Technologies division

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

Acquired for $1.78B (~$1.68B net of tax benefits); financed with cash, term notes, and loans.
Deal doubles total addressable market to $16B from $8B for Digital Intelligence business.
Expected slightly accretive to Adjusted EPS in H2 2025; margin accretive over time.
Purchase price reflects 12.0x projected 2025 adjusted EBITDA, with $25M cost synergies.
Strengthens Wabtec's Digital Intelligence portfolio for rail, mining, and industrial sectors.

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