Access important shareholder information. By embracing diverse teams and perspectives, we are better equipped to build a world that works. We build intelligent devices, data analytics, applications and services to enable healthcare practitioners to deliver care more efficiently and with better outcomes. GE Aviation is a world-leading provider of aircraft engines, systems and avionics. Find yourself a world changing job. | SSO FAQs | Forgot your SSO User ID? GE people are global, diverse and dedicated, operating with the highest integrity and passion to fulfill GE’s mission and deliver for our customers. It is headquartered in Chicago, Illinois while its main manufacturing facility is located in Erie, Pennsylvania.
The filter continuously provides fresh and clean air onboard metro and railcars by removing more than 90% of contaminants per air cycle.Wabtec Corporation Friday announced a $40,000 donation to the Erie City Mission. Read the latest GE financial news releases and stories. GE received approximately $2.9 billion in cash as well as shares of Wabtec common stock and Wabtec nonvoting convertible preferred stock that together represent an approximately 24.9 percent ownership interest in Wabtec. Contact information for general inquiries and feedback. Explore a timeline of GE technologies that have spurred transformation across the world. "Our two companies have more than 250 years of rail industry heritage, and our shared focus on safety, reliability, quality, and customer relationships will enable a smooth integration.”Executives did not address what effect the merger might have on jobs, but did say the merged company is expected to generate about $250 million in annual synergies by 2022, and gain a tax benefit of about $1.1 billion.Speculation about the deal emerged last month. General Electric will merge its train engine division with railroad manufacturing firm Wabtec in an $11 billion deal, a major move in GE CEO John Flannery's mission to streamline the Boston-based conglomerate.Wabtec Corp., based near Pittsburgh in Wilmerding, Pa., will pay GE a $2.9 billion upfront payment and Wabtec shareholders will own about 49.9% of the combined company, when the deal closes in early 2019, the companies said Monday. Offering a suite of products to help unlock the full potential of additive manufacturing. We connect capital to infrastructure and deliver innovative financial solutions that help make the world work better. Offering a suite of products to help unlock the full potential of additive manufacturing. Explore a career with us. Meeting at the intersection of solution, innovation, manufacturing excellence, and best-in-class services delivery, the new Wabtec combines the rich and winning legacy of GE Transportation’s equipment, services and digital know-how with Wabtec’s trusted legacy of … Our technology, global network, and exceptional team is fueled by a mission—building a world that works. Learn how we’re delivering on our priorities. In February 2019, Wabtec and GE Transportation merged. A culture of integrity, compliance, safety, and respect for human rights, while reducing our environmental footprint. Get in touch and stay informed. Contact information for general inquiries and feedback. GE Transportation, the company's train engine division, will merge with railroad manufacturing firm Wabtec in an $11 billion deal, a major move in GE …
BOSTON - February 25, 2019 - GE (NYSE: GE) announced today the completion of the spin-off and subsequent merger of its transportation business with Wabtec Corporation (NYSE:WAB). Our technology, global network, and exceptional team is fueled by a mission—building a world that works. Read the latest GE financial news releases and stories. Find yourself a world changing job. Get the latest GE stock data. Learn about governance at GE, including the latest Proxy Statement and information about the GE Board of Directors. Stated another way, for each approximately 186 shares of GE common stock held, a GE shareholder will receive one share of Wabtec common stock.In the transaction, GE received approximately $2.9 billion in cash as well as shares of Wabtec common stock and Wabtec non-voting convertible preferred stock that, together, represent an approximately 24.9% ownership interest in Wabtec. Together with our customers, we’re proving that no one is ever limited to only affordable, reliable, or sustainable energy. Access GE’s recent and historic Annual Reports and accompanying materials. GE Transportation, which includes locomotives and rail services, has about 9,000 employees and generated about $4.2 billion in revenue in 2017.“By bringing together our highly complementary strengths we are confident that this transformational combination will create value for both Wabtec and GE shareholders, innovative solutions for our customers, and new outlets for long-term career growth for our employees," said Wabtec CEO Raymond Betler, who will serve as president and CEO of the combined company. Commercializing GE’s technology and IP to accelerate growth and achieve market differentiation. Access GE’s recent and historic Annual Reports and accompanying materials. Find yourself a world changing job.
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