On January 13, 2025, Wabtec entered into a definitive agreement to acquire Evident Inspection Technologies, a business line of Evident Corporation, for $1.78 billion, subject to customary adjustments.

1. 01

   On January 13, 2025, Wabtec entered into a definitive agreement to acquire Evident Inspection Technologies, a business line of Evident Corporation, for $1.78 billion, subject to customary adjustments.

2. 02

   The company said the transaction is subject to customary closing conditions and regulatory approvals, with the company expecting to finalize the acquisition in the first half of 2025.

3. 03

   Wabtec said Inspection Technologies is expected to achieve approximately $433 million in revenue and approximately $112 million in EBITDA (margin 25.9%) for calendar year 2024, with a recurring revenue stream of approximately 68%, and has more than 1,300 team members.

4. 04

   The company said the purchase price reflects an estimated multiple of 12.0x projected 2025 EBITDA adjusted for transaction and separation costs, anticipated tax benefits and projected run-rate cost synergies of $25 million, translating to approximately $1.68 billion after tax benefits.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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