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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.