Here’s what GE deal will mean for Wabtec’s standing globally

Monday’s announced $10 billion merger between General Electric’s Transportation Division and Wabtec Corp. will make the Wilmerding company likely the third-largest railroad equipment and services company in the world behind state-owned CRRC Railway in China and the combination of Siemens Mobility and Alstom that is expected to be completed this year.

Since Wabtec Corp. CEO Raymond T. Betler joined the company in 2008, Wabtec has quadrupled its business: Four times the revenue, four times more profitability. Betler — who grew up in Library — said that the company has in recent years had a strategic plan to double Wabtec’s size every five years.