Regulatory News:
On February 3rd 2012, Faiveley Transport (Paris:LEY) 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.
Financial Calendar: 26 April 2012 (after closing), Annual Sales 2011/2012
Faiveley Transport, world leader in the railway industry
Faiveley Transport is one of the world's leading suppliers of railway systems and services.The Group supplies manufacturers, operators and railway maintenance bodies with the most comprehensive range of systems in the market: air conditioning, passenger access systems, platform doors and gates, braking systems, couplers, passenger information and services.
Faiveley Transport employs more than 5,000 people in 24 countries.
Contacts:
FAIVELEY TRANSPORT
Guillaume Bouhours
Chief Financial
Officer
+33 (0)1 48 13 65 03
guillaume.bouhours@faiveleytransport.com
or
Kasha
Dougall
Group Communications Manager
+33 (0)1 48 13 65 11
kasha.dougall@faiveleytransport.com
or
Maryline
Berlin
Financial Communications
+33 (0)1 48 13 65 76
maryline.berlin@faiveleytransport.com
or
Florent
Alba
Financial Communications Agency
+33 (0)1 44 71 98 55
falba@newcap.fr
