Federal Court in Delaware Dismisses Antitrust Challenge to Wabtec-GE Transportation Merger
PITTSBURGH–(BUSINESS WIRE)–
The United States District Court for the District of Delaware has dismissed all antitrust claims filed in a lawsuit challenging the merger between Wabtec (NYSE: WAB) and GE Transportation. The Court said no harmful effects on competition resulting from the merger had been shown and also dismissed remaining antitrust allegations. The Court did not grant Wabtec’s motion to dismiss alleged breach of contract and other claims, which Wabtec intends to vigorously defend.
Kyra Yates, Vice President of Investor Relations for Wabtec said: “We are pleased with the Court’s ruling, which affirms the value and integrity of the Wabtec-GE Transportation merger for the industry and all its stakeholders.”
About Wabtec
Wabtec Corporation (NYSE: WAB) is focused on creating transportation solutions that move and improve the world. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 155 years and has a vision to achieve a sustainable rail system in the U.S. and worldwide. Visit Wabtec’s website at: https://www.wabteccorp.com/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250613630568/en/
Media Contact:
Tim Bader
+1 682-319-7925
[email protected]
Investor Contact:
Kyra Yates
+1 817-349-2735
[email protected]
KEYWORDS: United States North America Canada Pennsylvania Delaware
INDUSTRY KEYWORDS: Manufacturing Other Transport Trucking Rail Mining/Minerals Transport Natural Resources Other Manufacturing Logistics/Supply Chain Management Engineering Machinery
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