Wabtec Corp. (WAB) said that it has acquired Unifin International from Koch Chemical Technology Group LLC, for $93 million. A manufacturer of cooling systems and related equipment for the power generation and transmission industry, Unifin has annual sales of about $45 million. Wabtec expects the transaction to be accretive in the first year.
Unifin designs and manufactures a variety of cooling systems and related components, including oil coolers and pumps. Unifin has about 100 employees at three facilities, two in the U.S. and one in Canada.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.