Wabtec Corporation, which completed its merger with GE Transportation, stated that it stays committed to the 1,000 diesel-electric locomotive order from the Indian Railways.

GE Transportation had entered into a long-term agreement to supply 1,000 diesel-based engines to the Indian Railways.

“With this transaction, GE sold a portion of GE Transportation’s assets to Wabtec, spun off a portion of GE Transportation to GE shareholders and then GE Transportation merged with a wholly owned subsidiary of Wabtec,” said a Wabtec release.

The combined company is expected to have revenues of more than $8 billion in 2019, apart from improving the rail-road sectors’ path to automation, which will save billions of dollars, according to the company.

Wabtec has an installed base of more than 23,000 engines globally, an expanded global reach, a strong mix of products and services, as well as enhanced capabilities to drive innovation faster in key growth areas.

Fast-track to automation

The combined entity, which has a (order) backlog of $23 billion, is expected to improve safety, efficiency and productivity across the transportation industry and accelerate railroads’ path to advanced train automation.

According to the Association of American Railroads, automation will help improve network velocity and fluidity, potentially saving railroads billions of dollars annually, added the release.

“The deal combines Wabtec’s broad range of freight, transit and electronics products with GE Transportation’s best-in-class equipment, services and digital solutions. It will unlock improvements in safety, quality, reliability and productivity saving customers billions on their operations,” it added.

The merger is expected to create an company with equipment, after-market services, and digital solutions across the transportation sector.