SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): November 1, 2001
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
(Exact Name of Registrant as Specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
1-13782 25-1615902
(Commission File Number) (IRS Employer Identification No.)
1001 AIR BRAKE AVENUE, WILMERDING, PENNSYLVANIA, 15148
(Address of Principal Executive Offices)
(412)-825-1000
(Registrant's Telephone Number Including Area Code)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On November 1, 2001, Westinghouse Air Brake Technologies
Corporation ("Wabtec") completed the disposition of certain locomotive after
market assets to General Electric Company, acting through its GE Transportation
Systems business ("GETS"), for approximately $240 million in cash. The
transaction was consummated pursuant to an Asset Purchase Agreement, entered
into on July 24, 2001. The assets consisted principally of locomotive after
market products and services for which Wabtec is not the original equipment
manufacturer. The purchase price of $240 million in cash was arrived at by
negotiation among the parties.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not Applicable
(b) The pro forma financial information of Wabtec reflecting
the disposition will be filed by amendment not later than sixty days after the
date of this initial report on Form 8-K.
(c) Exhibits.
Exhibit 2.1 Asset Purchase Agreement, by and between General
Electric Company, through its GE Transportation
Systems business and Westinghouse Air Brake
Technologies Corporation, dated as of July 24, 2001
(Exhibits and Schedules omitted).
Exhibit 99.1 Press release dated July 26, 2001.
Exhibit 99.2 Press release dated November 2, 2001.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
WESTINGHOUSE AIR BRAKE
TECHNOLOGIES CORPORATION
(Registrant)
By /s/ Gregory T.H. Davies
-----------------------------
Gregory T.H. Davies
Date: November 13, 2001 President and Chief Executive Officer
EXHIBIT INDEX
(Pursuant to Item 601 of Regulation S-X)
EXHIBIT
NUMBER DESCRIPTION AND METHOD OF FILING
- ------ --------------------------------
2.1 Asset Purchase Agreement, by and between General
Electric Company, through its GE Transportation
Systems business and Westinghouse Air Brake
Technologies Corporation, dated as of July 24, 2001
(Exhibits and Schedules omitted), filed herewith.
99.1 Press release dated July 26, 2001, filed herewith.
99.2 Press release dated November 2, 2001, filed herewith.