PITTSBURGH — Wabtec has completed its $1.78 billion acquisition of the Inspection Technologies division of Evident Scientific, the company announced this week.
The acquisition of the company, which makes nondestructive testing, remote visual inspection, and analytical instrument products, was announced earlier this year [see “Wabtec to acquire …,” Trains News Wire, Jan. 14, 2025].
“Today, we are a stronger company with the addition of Inspection Technologies,” Wabtec CEO Rafael Santana said in a July 1, 2025, press release. “The acquisition expands and strengthens our Digital Intelligence business, with advanced products and services for the company’s rail, mining, and industrial sectors, while broadening our reach into other high-growth, high-margin end-markets. It enhances Wabtec’s existing portfolio, is accretive to key financial metrics, and aligns with the company’s long-term vision to lead the industry in innovation for our customers.”
Wabtec says the acquisition helps meet a growing demand for advanced diagnostic technologies, and essentially doubles the size of its total addressable market from approximately $8 billon to $16 billion while increasing its ability to deliver products to a broader range of customers.
