GE Transportation is a division of Wabtec. It was known as GE Rail and owned by General Electric until sold to Wabtec on February 25, 2019. The organization manufactures equipment for the railroad, marine, mining, drilling and energy generation industries. The company was founded in 1907. It is headquartered in Chicago, Illinois while its main manufacturing facility is located in Erie, Pennsylvania. Locomotives are assembled at the Erie plant, while engine manufacturing takes place in Grove City, Pennsylvania. In May 2011, the company announced plans to build a second locomotive factory in Fort Worth, Texas, which opened in January 2013.
|Founded||1907 (112 years ago)|
|Headquarters||Heller International Building,|
(President and CEO)
|Products||Evolution Series Locomotive|
Dash Deries Locomotive
L250 Marine Engine
360 AC Drive Systems
752 DC Drilling Motor
Wind Turbine Drive Systems
V228 Series engine
|Revenue||US$5.88 Billion (2013)|
GE Transportation is the largest producer of diesel-electric locomotives for both freight and passenger applications in North America, believed to hold up to a 70% market share. It also produces related products, such as railroad signaling equipment, and parts for locomotives and railroad cars, as well as providing repair services for GE and other locomotives.
Current locomotives in major production include the GE Evolution Series; for a complete listing, see the list of GE locomotives. In the spring of 2007, GE Transportation Systems rolled out a prototype hybrid diesel-electric locomotive to increase fuel efficiency and reduce emissions. In September 2010, GE Transportation announced plans to commercialise a hybrid design by 2014–15.
Mergers and acquisitions
In addition to the railroad industry, GE Transportation also serves the following industries: Marine, Mining, Stationary Power, Drilling, and Drivetrain Technologies (wind gear boxes).
On May 21, 2018, GE and Wabtec announced that GE Transportation, valued at $11.1 billion, would be divested from GE and subsequently merged with Wabtec in a Reverse Morris Trust transaction by early 2019. Upon completion on February 25, 2019, the merged company was 50.8% owned by Wabtec shareholders, with GE shareholders owning 24.3% and GE itself owning 24.9%; GE also received $2.9 billion in cash.
In addition to railroad locomotives and equipment, GE Transportation Systems also produces large electric motors and propulsion systems for the mining, oil drilling, and wind turbine industries. GE also provides medium-sized, medium-speed diesel engines for several smaller vessels, mostly tugboats and other similarly-sized vessels. These marine engines are marinized versions of their locomotive engines.
GE’s battery business serves the rail, marine, telecommunications and energy sectors, including new smart grid technology.
GE's Durathon battery production takes place at their facility in Schenectady, New York.
- John Dineen Named President and CEO of GE Healthcare; Lorenzo Simonelli to Lead GE Transportation : Press Releases : News : GE Archived 2013-01-24 at Archive.today
- "'High probability' for layoffs in Grove City, GE official says". Sharon Herald. 31 January 2009. Archived from the original on 2 February 2013. Retrieved 15 May 2011.
- Middleton, William; Smerk, George; Diehl, Roberta, eds. (2007). Encyclopedia of North American Railroads. Indiana University Press. ISBN 978-0-253-34916-3.
- "GE hybrid locomotive ready for the market in 2014–15 – International Railway Journal". 2010-09-23. Archived from the original on 2010-09-26. Retrieved 2010-09-23.
- "GE Transportation to end locomotive production in Erie". Railway Gazette. July 27, 2017.
- Robert Channick (November 13, 2017). "GE looks to sell or spin off Chicago-based transportation division". Chicago Tribune.
- "GE to merge transportation unit with Wabtec in $11.1 billion deal". Reuters. May 21, 2018. Retrieved May 27, 2018.
- Wabtec and GE Transportation complete merger Railway Gazette International February 25, 2019
- Allen, Pam (2009-07-27). "GE plans $100M battery plant for Schenectady".