Wabtec Acquires Bloom Engineering for $69M
December 30, 2024
Wabtec Corporation has acquired Bloom Engineering, Inc., a Pittsburgh-based provider of industrial burners and combustion systems, for $69 million in cash. The purchase expands Wabtec’s heat transfer and energy solutions capabilities and is expected to be immediately accretive to EPS, with synergies to be realized over the next three years.
- Buyers
- Wabtec Corporation
- Targets
- Bloom Engineering, Inc.
- Industry
- Industrial Services
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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