About Wabtec
Wabtec is a company based in Pittsburgh (United States) founded in 1869. It operates as a Product-as-a-Service, and Direct-to-Consumer (D2C). The company has 29,500 employees as of December 31, 2024. Wabtec has completed 10 acquisitions, including Aeronautical Radio, Bloom Engineering and Dellner. Wabtec offers products and services including FLXdrive™ Battery Electric Locomotive, Port Optimizer™, and ShoreCONNECT.
- Headquarter Pittsburgh, United States
- Employees 29500 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Westinghouse Air Brake Technologies Corporation
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Annual Revenue
$10.39 B7.34as on Dec 31, 2024
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Net Profit
$1.06 B29.57as on Dec 31, 2024
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EBITDA
$2.14 B15.6as on Dec 31, 2024
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Latest Funding Round
$312.14 K (USD), Grant
Jun 15, 2022
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Investors
European Union
& 1 more
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Employee Count
29500
as on Dec 31, 2024
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Investments & Acquisitions
Aeronautical Radio
& 9 more
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IPO & Listings of Wabtec
Wabtec is a publicly listed company on the NYSE with ticker symbol WAB in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Wabtec
Wabtec offers a comprehensive portfolio of products and services, including FLXdrive™ Battery Electric Locomotive, Port Optimizer™, and ShoreCONNECT. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Battery-electric locomotive is developed for sustainable heavy-haul transport.
Software solution is designed to optimize port throughput efficiency.
Onshore power supply is provided to reduce port emissions.
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Software Development Team
311 people
Leadership Team
72 people
Operations Team
56 people
Senior Team
52 people
Finance and Accounting
45 people
Human Resources and Administration
43 people
Product Management Team
32 people
Sales and Marketing
31 people
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Funding Insights of Wabtec
- Total Funding Total Funding
- Total Rounds 5
- Last Round Grant — $312,135
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First Round
First Round
(05 Aug 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Grant - Wabtec | Valuation |
investors |
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| Mar, 2022 | Amount | Grant - Wabtec | Valuation |
investors |
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| May, 2021 | Amount | Grant - Wabtec | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wabtec
Wabtec has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and Ministry of Economy, Finance and Industrial and Digital Sovereignty. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wabtec
Wabtec has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include Aeronautical Radio, Bloom Engineering and Dellner. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Manufacturer of the sensors for railways
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1999 | ||||
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Railroad cranes and tugs are supplied for industrial use.
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1994 | ||||
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Self-powered relays for overcurrent and earth fault protection are manufactured.
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1992 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Wabtec
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wabtec Comparisons
Competitors of Wabtec
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wabtec
Frequently Asked Questions about Wabtec
When was Wabtec founded?
Wabtec was founded in 1869 and raised its 1st funding round 144 years after it was founded.
Where is Wabtec located?
Wabtec is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Who is the current CEO of Wabtec?
Rafael Santana is the current CEO of Wabtec.
How many employees does Wabtec have?
As of Dec 31, 2024, the latest employee count at Wabtec is 29,500.
What is the annual revenue of Wabtec?
Annual revenue of Wabtec is $10.39B as on Dec 31, 2024.
What does Wabtec do?
Wabtec Corporation is established as a leading global provider of equipment, systems, digital solutions, and value-added services for freight rail, transit, mining, industrial, and marine sectors. Innovative technologies are developed to enhance safety, efficiency, and productivity. Sustainable transportation solutions are prioritized, including battery-electric locomotives like FLXdrive and emission-reducing technologies like ShoreCONNECT. Operations are supported across diverse industries with a focus on decarbonization and operational excellence.
What products or services does Wabtec offer?
Wabtec offers FLXdrive™ Battery Electric Locomotive, Port Optimizer™, and ShoreCONNECT.
Is Wabtec publicly traded?
Yes, Wabtec is publicly traded on NYSE under the ticker symbol WAB.
How many acquisitions has Wabtec made?
Wabtec has made 10 acquisitions, including Aeronautical Radio, Bloom Engineering, and Dellner.
Who are Wabtec's investors?
Wabtec has 2 investors. Key investors include European Union, and Ministry of Economy, Finance and Industrial and Digital Sovereignty.
What is Wabtec's ticker symbol?
The ticker symbol of Wabtec is WAB on NYSE.