News
06/02/2012
FAIVELEY TRANSPORT FINALISES ITS ACQUISITION OF 100% OF GRAHAM-WHITE, A US-BASED RAIL EQUIPMENT COMPANY
On February 3rd 2012, Faiveley Transport has successfully completed its acquisition of 100% of Graham White Manufacturing Company, a leading designer and manufacturer of compressed air drying technology and brake components for locomotives and rail transit markets. Graham-White's annual sales reached more than $70 million in 2011, of which 90% was generated in the USA.
Concerning this operation, 209,441 new Faiveley Transport shares, representing 1.45% of the group's share capital, have been issued to former Graham-White shareholders.
This operation will reinforce Faiveley Transport’s position in the US and both companies will benefit from significant new opportunities thanks to an enlarged product range and complementary customer bases.
Finance
Reference
► Platform Doors Beijing
After 2 years in operation, Faiveley Transport Platform Doors & Gates, have proven daily operation levels of above 99,6% in Beijing, China,