Wabtec Acquires Annax, A Leading Supplier Of Public Address And Passenger Information Systems For Transit Vehicles
Westinghouse Air Brake Technologies Corporation (WAB)
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Source: GlobeNewswire
WILMERDING, Pa., March 26, 2018 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE:WAB) has acquired Annax, a leading supplier of Public Address and Passenger Information Systems (PAPIS) for transit vehicles. Headquartered in Germany, Annax has annual sales of about $55 million. With operations in Germany, Switzerland and China, Annax provides a wide range of communication systems, intercoms, audio technologies and displays, serving both car builders and operators globally. Raymond T. Betler, Wabtec’s president and chief executive officer, said: “Annax is an excellent strategic fit with our existing Electronics business. The company’s leading-edge solutions complement Wabtec’s product portfolio and expand our capabilities with existing customers while providing opportunities in new markets.” Wabtec Corporation is a leading global provider of equipment, systems and value-added services for transit and freight rail. Through its subsidiaries, the company manufactures a range of produc
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WAB
News
- Westinghouse Air Brake Technologies Co. (NYSE: WAB) had its price target raised by analysts at Bank of America Co. from $156.00 to $162.00. They now have a "buy" rating on the stock.MarketBeat
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WAB
Earnings
- 2/14/24 - Miss
WAB
Sec Filings
- 4/4/24 - Form ARS
- 4/4/24 - Form DEF
- 4/4/24 - Form DEFA14A
- WAB's page on the SEC website