Wabtec completes $1.7bn acquisition of Evident’s Inspection Technologies unit

Wabtec has completed the acquisition of Evident’s Inspection Technologies division, a move that significantly enhances its Digital Intelligence business.

The $1.78bn deal, adjusted to approximately $1.68bn after tax benefits, is set to expand Wabtec’s total addressable market from $8bn to an estimated $16bn.

The deal was financed through a mix of cash, term notes, and credit facilities, and is expected to provide immediate shareholder value.

Wabtec signed a deal with Evident for the acquisition in January this year.

The move aligns with Wabtec’s growth drivers such as the innovation of scalable technologies, expanding its installed base, and driving operational improvements.

Wabtec CEO and president Rafael Santana said: “Today, we are a stronger company with the addition of Inspection Technologies.