Wabtec Strengthens Digital Intelligence with Evident's Inspection Technologies Acquisition

PITTSBURGH, PA – July 1, 2025 – Wabtec Corporation (NYSE: WAB) today announced the successful completion of its acquisition of Evident's Inspection Technologies division, a strategic move poised to significantly enhance Wabtec's Digital Intelligence business. This division, formerly a part of the Scientific Solutions Division of Olympus Corporation, is a global leader in Non-Destructive Testing (NDT), Remote Visual Inspection (RVI), and Analytical Instruments solutions, critical for ensuring the integrity and safety of mission-critical assets across various industries.

The acquisition underscores Wabtec's commitment to expanding its technological capabilities and market reach in the industrial inspection sector. Evident's Inspection Technologies brings a robust portfolio of advanced solutions that are essential for predictive maintenance, quality control, and asset management in demanding environments. These technologies are widely utilized in sectors such as aerospace, power generation, oil and gas, and manufacturing, all of which align with Wabtec's existing industrial footprint and growth ambitions.

Strategic Rationale and Synergies

This acquisition is a natural fit for Wabtec, particularly for its Digital Intelligence segment, which focuses on leveraging data and technology to improve operational efficiency and safety. Evident's expertise in NDT and RVI complements Wabtec's existing digital offerings, creating a more comprehensive suite of solutions for its customers. The integration of Evident's advanced inspection tools will enable Wabtec to provide enhanced diagnostic capabilities, leading to more reliable asset performance and reduced downtime for its clients.

Key synergies expected from this acquisition include:

• Expanded Product Portfolio: Wabtec gains access to industry-leading NDT and RVI technologies, broadening its digital intelligence offerings.
• Enhanced Market Reach: The acquisition opens new avenues in critical industrial sectors where Evident's technologies are well-established.
• Technological Integration: Opportunities to integrate Evident's inspection data with Wabtec's existing analytics platforms, offering more holistic asset management solutions.
• Talent Acquisition: Wabtec welcomes a team of highly skilled engineers and specialists with deep expertise in inspection technologies, strengthening its R&D capabilities.

Market Context and Implications

In an increasingly complex industrial landscape, the demand for sophisticated inspection and monitoring technologies is on the rise. Industries are facing pressures to optimize asset utilization, minimize operational risks, and comply with stringent safety regulations. Non-destructive testing, in particular, plays a pivotal role in preventing catastrophic failures and extending the lifespan of critical infrastructure. The global NDT market is projected to grow steadily, driven by technological advancements and the increasing adoption of predictive maintenance strategies.

Wabtec's move to acquire Evident's Inspection Technologies positions it favorably to capitalize on this growing market. By combining its deep industry knowledge with Evident's specialized inspection capabilities, Wabtec is poised to become a more formidable player in the industrial digital solutions space. This acquisition not only diversifies Wabtec's revenue streams but also strengthens its competitive edge by offering integrated, end-to-end solutions.

Investment Insights

For investors, this acquisition signals Wabtec's strategic focus on high-growth, high-margin digital and technology-driven segments. The integration of Evident's Inspection Technologies is expected to contribute positively to Wabtec's long-term financial performance through increased revenue, improved profitability, and enhanced market share in the industrial inspection sector. Investors should monitor:

• Integration Progress: How smoothly Evident's operations and technologies are integrated into Wabtec's Digital Intelligence business.
• Revenue Contribution: The extent to which the acquired division contributes to Wabtec's top-line growth in upcoming quarters.
• Synergy Realization: Evidence of cost efficiencies and cross-selling opportunities materializing from the acquisition.
• Market Expansion: Wabtec's ability to leverage Evident's technologies to penetrate new industrial verticals or expand within existing ones.

This acquisition represents a clear strategic step by Wabtec to bolster its position as a leader in industrial technology and digital solutions, promising long-term value creation for its shareholders.