Wabtec (WAB) Acquires Electronic Components Maker Mors Smitt Holding in $88M Deal
- Market Wrap: Manufacturing Index Rises to Multi-Year Highs; Apple: No Breach in Recent Photo Leak; Merger Monday!
- After-Hours Stock Movers 9/2 (CNQR) (TTPH) (FLEX) Higher; (END) (HELE) (CDW) Lower (more...)
- Dollar General (DG) Boosts Offer for Family Dollar (FDO) to $80/Share
- Apple (AAPL) Issues Media Advisory Related to Celebrity Photo Theft
- Eminence Capital Raises Stake in Zynga (ZNGA) to 5.1%
Wabtec Corporation (NYSE: WAB) has acquired Mors Smitt Holding, a leading manufacturer of electronic components for rail and industrial markets, from the investment company Eurazeo PME, for about $88 million. Mors Smitt has annual sales of about $60 million, and operations in The Netherlands, the United Kingdom, the U.S., France, China and Hong-Kong. Wabtec expects the transaction to be accretive in the first year.
You May Also Be Interested In
- UPDATE: Omnitracs to Acquire XRS (XRSC) for $5.60/Share
- Family Dollar Stores (FDO) Affirms Receipt of Revised $80/Share Bid from Dollar General (DG)
- Ctrip.com (CTRP) Acquires Cruise Ship from Royal Caribbean (RCL)
Create E-mail Alert Related CategoriesMergers and Acquisitions
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!