Explore a career with us.Creating the energy technologies of the future and improving the power networks that we depend on today.Explore the latest stories, news, downloads, and press tools.Commercializing GE’s technology and IP to accelerate growth and achieve market differentiation.Under the terms of the modified arrangements, which have been approved by Wabtec’s Board and by the Finance and Capital Allocation Committee of the GE Board, GE will complete the spin off of a portion of GE Transportation to GE shareholders and immediately thereafter merge GE Transportation into a wholly owned subsidiary of Wabtec. Morgan Stanley & Co. LLC and Dyal Co. LLC continue to act as financial advisors, and Davis Polk & Wardwell LLP as legal counsel, to GE in the overall transaction.Discover how our people & technology are solving global issues, improving lives, and changing industries.By embracing diverse teams and perspectives, we are better equipped to build a world that works.Tune in or catch up on GE’s latest investor events and reports.Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words “may,” “will,” “should,” “potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “overestimate,” “underestimate,” “believe,” “could,” “project,” “predict,” “continue,” “target” or other similar words or expressions.
To get the best experience using our site we recommend that you upgrade or switch browsers.Under the deal, GE sold a portion of GE Transportation assets to Wabtec, and spun-off a portion of GE Transportation to GE shareholders as Transportation Systems Holdings Inc, which then merged with a wholly-owned subsidiary of Wabtec. The combined company will be a technology and innovation leader in the rapidly evolving rail industry, and we will have the critical mass to be an effective global competitor.”This communication is for informational purposes only and not intended to and does not constitute an offer to subscribe for, buy or sell, the solicitation of an offer to subscribe for, buy or sell, or an invitation to subscribe for, buy or sell, any securities in any jurisdiction pursuant to or in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. Upon closing, Wabtec shareholders will own approximately 50.8% of Wabtec on a fully diluted basis, compared to approximately 49.9% under the previous terms. “The combined business will be better positioned with an improved business mix and enhanced opportunities for faster innovation in key growth areas.”Our technology, global network, and exceptional team is fueled by a mission—building a world that works.Explore a timeline of GE technologies that have spurred transformation across the world.A culture of integrity, compliance, safety, and respect for human rights, while reducing our environmental footprint.Get in touch and stay informed.The planned merger of Wabtec and GE Transportation, a business unit of GE, is expected to close by the end of February 2019, subject to satisfaction or waiver of customary closing conditions. Drawing on nearly four centuries of collective success across the vibrant portfolios of Wabtec, GE Transportation and Faiveley Transport, we offer employees hands-on opportunities all over the world to shape the future of transportation – as well as their own. We look forward to operating as a combined business for the balance of 2019. WABTEC TRANSPORTATION SYSTEMS LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual … Sachs & Co. LLC toll free at 866-471-2526, J.P. Morgan Securities LLC collect at 212-834-4533, Merrill Lynch, ... (“GE”) and Wabtec, Transportation Systems Holdings, Inc. (“SpinCo”) will file with the SEC a registration statement on Form S-4/S 1 containing aprospectus or 10 and Wabtec willfile with the SEC that include combined We’re deeply proud of GE employees around the world rising to the challenge.At GE, we rise to the challenge of building a world that works. All statements, other than historical facts, including statements regarding the expected timing and structure of the proposed transaction; the ability of the parties to complete the proposed transaction considering the various closing conditions; the expected benefits of the proposed transaction, including future financial and operating results, the tax consequences of the proposed transaction, and the combined company’s plans, objectives, expectations and intentions; legal, economic and regulatory conditions; and any assumptions underlying any of the foregoing, are forward-looking statements.Any forward-looking statements speak only as of the date of this communication. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) that one or more closing conditions to the transaction, including certain regulatory approvals, may not be satisfied or waived, on a timely basis or otherwise, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the proposed transaction or may require conditions, limitations or restrictions in connection with such approvals; (2) the risk that the proposed transaction may not be completed on the terms or in the time frame expected by GE or Wabtec, or at all; (3) unexpected costs, charges or expenses resulting from the proposed transaction; (4) uncertainty of the expected financial performance of the combined company following completion of the proposed transaction; (5) failure to realize the anticipated benefits of the proposed transaction, including as a result of delay in completing the proposed transaction or integrating the businesses of GE, Wabtec and SpinCo; (6) the ability of the combined company to implement its business strategy; (7) difficulties and delays in achieving revenue and cost synergies of the combined company; (8) inability to retain and hire key personnel; (9) the occurrence of any event that could give rise to termination of the proposed transaction; (10) the risk that shareholder litigation in connection with the proposed transaction or other settlements or investigations may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability; (11) evolving legal, regulatory and tax regimes; (12) changes in general economic and/or industry specific conditions, including the impacts of tax and tariff programs, industry consolidation, and changes in the financial condition or operating strategies of our customers; (13) changes in the expected timing of projects; (14) a decrease in freight or passenger rail traffic; (15) an increase in manufacturing costs; (16) actions by third parties, including government agencies; (17) the risk that the ongoing government shutdown, and potential effects thereof, may affect the timing of the proposed transaction; and (18) other risk factors as detailed from time to time in GE’s and Wabtec’s respective reports filed with the SEC, including GE’s and Wabtec’s annual reports on Form 10-K, periodic quarterly reports on Form 10-Q, periodic current reports on Form 8-K and other documents filed with the SEC.
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