Wabtec expands with acquisition of Evident's inspection technology division

The American manufacturer of heavy industrial parts, Wabtec, has reached an agreement to acquire the inspection technology division of Evident for $1.78 billion. With this acquisition, the Pittsburgh, Pennsylvania-based company plans to expand its product range for the freight and commuter transport sector with innovative inspection technologies. Evident's inspection technology division produces specialized visual inspection and analysis instruments used in areas such as railways, mining, and manufacturing. Nalin Jain, president of Wabtec's Digital Intelligence Group, emphasized that the new technology will complement the existing offering. It is intended not only to strengthen the existing market presence in the rail, mining, and industrial sectors but also to enable entry into other growth and margin-strong sectors. Evident itself was only formed in 2022 through the split of the Scientific Solutions Division of Olympus Corporation into the business areas of inspection technology and microscopy. The transaction between Wabtec and Evident is expected to be completed by mid-2025 and promises an exciting expansion of the market portfolio.