GE ’s merger with GE , first announced in May , is near to closing, and has the potential to create a major rail-equipment entity. Concerns regarding Wabtec ’s move into the highly cyclical freight sector have largely been assuaged, with analysts pointing to the changing nature of the locomotive delivery cycle, and the fact that the most recent cycle hit its peak in 2015 and its bottom May . Wabtec will be able to provide components to GE , which should boost after-market revenues. The technology, widely adopted by large U.S. freight carriers, is gaining acceptance by passenger railroads, as well. about $3.9 billion is expected to be added to Wabtec ’s debt to fund the merger.
GE ’s merger with GE , first announced in May , is near to closing, and has the potential to create a major rail-equipment entity. Concerns regarding Wabtec ’s move into the highly cyclical freight sector have largely been assuaged, with analysts pointing to the changing nature of the locomotive delivery cycle, and the fact that the most recent cycle hit its peak in 2015 and its bottom May . Wabtec will be able to provide components to GE , which should boost after-market revenues. about $3.9 billion is expected to be added to Wabtec ’s debt to fund the merger.