WILMERDING, Pa. (AP) -- Rail industry parts maker Wabtec Corp. said Thursday that it has acquired a railcar parts replacement business from GE Transportation, a unit of General Electric Co.
Terms of the deal weren't disclosed, but Wabtec said the business has annual sales of about $15 billion. It makes parts for propulsion and control systems for passenger rail cars. Nearly 5,000 rail cars in North America contain these GE components.
Through its subsidiaries, Wabtec makes a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives and provides aftermarket services.
Wabtech is based in Wilmerding, Pa., while GE is based in Fairfield, Conn.