{"slug":"wabtec","name":"웹텍","name_en":"Wabtec Corporation","ticker":"WAB","updated_at":"2026-09-11T23:11:31.396461+00:00","canonical":"https://valuechain.wiki/wabtec","citable":"밸류체인 그래프 기준 웹텍의 직접 연결 기업은 3곳(관계 기준 공급 0·매출 3)이고, 사슬을 2차까지 넓히면 12곳에 닿는다. 링크의 근거 출처는 10건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-09-11 기준).","citable_en":"Per the valuechain.wiki graph, Wabtec Corporation is directly linked to 3 companies (0 supply, 3 revenue relationships) and reaches 12 companies within two hops; the links are backed by 10 dated sources, 1 of them primary filings (as of 2026-09-11).","kicker":"철도차량·디지털 장비","kicker_en":"Rail equipment and digital systems","lead":"웹텍은 화물 기관차와 여객철도 부품, 애프터마켓 서비스, 신호·검사 소프트웨어를 철도 운영사와 차량 제작사에 판매한다. 생산에는 강재·비철금속·전자부품이 들어가며, 외부 IT 서비스 업체에도 시스템 통합과 클라우드 전환 비용을 지급한다.","lead_en":"Wabtec sells freight locomotives, transit components, aftermarket services, and signaling and inspection software to rail operators and rolling-stock manufacturers. Its production consumes steel, nonferrous metals, and electronic components, while external IT providers support systems integration and cloud migration.","categories":[{"key":"heavy-vehicles-machinery","ko":"중대형 차량·오프로드 장비","en":"Heavy Vehicles & Off-Highway Equipment","theme":"mobility","theme_ko":"자동차·모빌리티","theme_en":"Automotive & Mobility","theme_kind":"chain","primary":true}],"segments":{"parts":[{"name":"화물","note":"FY2025 외부고객 매출 80억3600만달러. 기관차, 애프터마켓 서비스, 화차 부품, 디지털 인텔리전스를 포함한다."},{"name":"대중교통","note":"FY2025 외부고객 매출 31억3100만달러. 여객철도 차량 부품과 애프터마켓 서비스를 포함한다."}],"total":"FY2025 고객계약 매출 111억6700만달러","track":"C"},"segments_en":{"parts":[{"name":"Freight","note":"FY2025 external-customer sales of $8.036 billion, including locomotives, aftermarket services, freight-car components, and Digital Intelligence."},{"name":"Transit","note":"FY2025 external-customer sales of $3.131 billion, including passenger-transit vehicle components and aftermarket services."}],"total":"FY2025 revenue from contracts with customers: $11.167 billion"},"returns_yearly":{"2021":26.5,"2022":9.1,"2023":28,"2024":50.1,"2025":13.2,"2026":34.2},"return_asof":"2026-10-09","value_chain":{"leading":[{"slug":"marathon-petroleum","name":"마라톤 페트롤리엄","name_en":"Marathon Petroleum Corporation","tier":3,"returns_yearly":{"2021":61,"2022":86.6,"2023":30.5,"2024":-4.1,"2025":19.2,"2026":183}},{"slug":"w-w-grainger","name":"W. W. 그레인저","name_en":"W. W. Grainger","tier":3,"returns_yearly":{"2021":28.8,"2022":8.7,"2023":50.5,"2024":28.2,"2025":-3.4,"2026":32}},{"slug":"united-rentals","name":"유나이티드 렌탈스","name_en":"United Rentals","tier":3,"returns_yearly":{"2021":43.3,"2022":7,"2023":63.6,"2024":24,"2025":15.9,"2026":31.3}},{"slug":"williams-sonoma","name":"윌리엄스 소노마","name_en":"Williams-Sonoma, Inc.","tier":3,"returns_yearly":{"2021":68.6,"2022":-30.5,"2023":80.2,"2024":86.6,"2025":-2.1,"2026":28.7}},{"slug":"digital-realty","name":"Digital Realty","name_en":"Digital Realty","tier":3,"returns_yearly":{"2021":30.7,"2022":-41,"2023":39.9,"2024":35.9,"2025":-10.1,"2026":23.4}},{"slug":"amazon","name":"아마존","name_en":"Amazon","tier":3,"returns_yearly":{"2021":2.4,"2022":-49.6,"2023":80.9,"2024":44.4,"2025":5.2,"2026":12}},{"slug":"aep","name":"American Electric Power","name_en":"American Electric Power","tier":3,"returns_yearly":{"2021":10.7,"2022":10.4,"2023":-11,"2024":18.2,"2025":29.4,"2026":8.9}},{"slug":"ecolab","name":"에코랩","name_en":"Ecolab Inc.","tier":3,"returns_yearly":{"2021":9.4,"2022":-37.1,"2023":37.9,"2024":19.3,"2025":13.2,"2026":7}},{"slug":"walmart","name":"Walmart Inc","name_en":"Walmart Inc","tier":3,"returns_yearly":{"2021":2,"2022":-0.5,"2023":12.9,"2024":74,"2025":24.5,"2026":0.6}},{"slug":"pepsico","name":"PepsiCo","name_en":"PepsiCo","tier":3,"returns_yearly":{"2021":20.6,"2022":6.8,"2023":-3.3,"2024":-7.6,"2025":-1.8,"2026":-2.2}},{"slug":"mitsui","name":"미쓰이물산","name_en":"Mitsui & Co.","tier":3,"returns_yearly":{"2021":52.6,"2022":39.2,"2023":63.5,"2024":5.2,"2025":68.3,"2026":-2.9}},{"slug":"autozone","name":"오토존","name_en":"AutoZone","tier":3,"returns_yearly":{"2021":76.8,"2022":17.6,"2023":4.8,"2024":23.8,"2025":5.9,"2026":-12}},{"slug":"cf-industries","name":"CF 인더스트리스","name_en":"CF Industries Holdings, Inc.","tier":2,"returns_yearly":{"2021":87.2,"2022":22.3,"2023":-4.7,"2024":10.1,"2025":-7.2,"2026":74.9}},{"slug":"steel-dynamics","name":"스틸 다이내믹스","name_en":"Steel Dynamics, Inc.","tier":2,"returns_yearly":{"2021":71.4,"2022":60.1,"2023":22.8,"2024":-2,"2025":50.7,"2026":43.6}},{"slug":"archer-daniels-midland","name":"아처 대니얼스 미들랜드","name_en":"Archer-Daniels-Midland Company","tier":2,"returns_yearly":{"2021":37.3,"2022":40,"2023":-20.4,"2024":-27.5,"2025":18.2,"2026":41.8}},{"slug":"fedex","name":"페덱스","name_en":"FedEx","tier":2,"returns_yearly":{"2021":0.7,"2022":-31.6,"2023":49.1,"2024":13.5,"2025":5.1,"2026":39.6}},{"slug":"j-b-hunt","name":"J.B. 헌트","name_en":"J.B. Hunt Transport Services, Inc.","tier":2,"returns_yearly":{"2021":50.6,"2022":-13.9,"2023":15.6,"2024":-13.8,"2025":15.2,"2026":18.6}},{"slug":"ford-motor-company","name":"포드","name_en":"Ford Motor Company","tier":2,"returns_yearly":{"2021":137.5,"2022":-42.2,"2023":15.8,"2024":-13.1,"2025":42.3,"2026":15.3}},{"slug":"united-parcel-service","name":"유나이티드 파셀 서비스","name_en":"United Parcel Service, Inc.","tier":2,"returns_yearly":{"2021":30,"2022":-16.2,"2023":-6,"2024":-15.9,"2025":-15.9,"2026":8}},{"slug":"martin-marietta-materials","name":"마틴 마리에타 머티리얼스","name_en":"Martin Marietta Materials, Inc.","tier":2,"returns_yearly":{"2021":56.1,"2022":-22.7,"2023":48.6,"2024":4.1,"2025":21.3,"2026":-17}},{"slug":"hd-hyundai-electric","name":"HD Hyundai Electric","name_en":"HD Hyundai Electric","tier":2,"returns_yearly":{"2021":4.2,"2022":132.5,"2023":159.4,"2024":300.5,"2025":120.2,"2026":-31.3}},{"slug":"csx","name":"CSX Corporation","name_en":"CSX Corporation","tier":1,"returns_yearly":{"2021":25.7,"2022":-16.6,"2023":13.5,"2024":-5.6,"2025":14.1,"2026":31.6}},{"slug":"union-pacific","name":"유니언 퍼시픽","name_en":"Union Pacific Corporation","tier":1,"returns_yearly":{"2021":23.3,"2022":-15.9,"2023":21.6,"2024":-5.1,"2025":3.9,"2026":22.1}},{"slug":"norfolk-southern","name":"노퍽 서던","name_en":"Norfolk Southern","tier":1,"returns_yearly":{"2021":27.3,"2022":-15.6,"2023":-1.6,"2024":1.6,"2025":25.6,"2026":15.6}}],"benefiting":[],"analysis":"철도차량·디지털 장비 기업. 최근 몇 년간 견조한 상승이 이어졌고 2026년 +33%다. 본주(+33%)와 수요단(평균 +26.7%)이 같은 보폭으로 움직인다. 연결 노드 중 가장 앞선 곳은 CSX Corporation(+37.5%), 가장 처진 곳은 노퍽 서던(+15.6%)다. 격차가 사슬 논리로 설명되면 후자가 다음 전파 후보이고, 설명되지 않으면 그 연결 자체를 다시 봐야 한다.","analysis_en":"Wabtec Corporation operates across Rail equipment and digital systems. It stayed steadily positive in recent years and is +33% in 2026. The stock (+33%) and its demand side (avg +26.7%) are moving in step. Among connected nodes the furthest ahead is CSX Corporation (+37.5%) and the furthest behind is Norfolk Southern (+15.6%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Its production consumes steel, nonferrous metals, and electronic components, while external IT providers support systems integration and cloud migration.","analysis_asof":"2026-09-04"},"edges":[{"direction":"investment","counterparty":"Evident 검사기술 사업부","counterparty_slug":null,"confidence":"high","metric":{"type":"contract_value","unit":"USD","as_of":"2026-02-13","basis":"Evident 검사기술 사업부 지분 100% 취득대가","value":1788000000,"period":"2025 completed acquisition","basis_en":"Consideration paid for 100% of Evident's Inspection Technologies division","qualifier":null},"note":"웹텍은 2025년 7월 Evident의 검사기술 사업부 지분 100%를 인수했다. 비파괴검사와 원격 육안검사 역량을 디지털 인텔리전스 사업에 더한 거래로, 10-K의 최종 취득대가는 약 17억8800만달러다.","note_en":"Wabtec acquired 100% of Evident's Inspection Technologies division in July 2025, adding nondestructive-testing and remote-visual-inspection capabilities to Digital Intelligence. The final purchase consideration disclosed in the 10-K was approximately $1.788 billion.","sources":[{"stance":"mentions","publisher":"더벨","publisher_en":"The Bell","kind":"analysis","lang":"ko","published_at":"2026-07-23","url":"https://www.thebell.co.kr/front/newsview.asp?code=0302&key=202607230442015060103138","title":"M&A 힘싣는 왑텍, 철도부문 호황에 주가 우상향","title_en":"Wabtec Leans into M&A as Rail Strength Supports the Shares","excerpt":"잇단 인수합병으로 사업 영역을 넓힌 가운데 철도 투자 확대와 인수 효과가 실적에 반영되고 있다.","excerpt_en":"Successive acquisitions broadened Wabtec's business as rail investment and acquisition effects flowed into results."},{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-13","url":"https://www.sec.gov/Archives/edgar/data/943452/000162828026008067/wab-20251231.htm","title":"WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP 10-K (2026-02-13)","title_en":"WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP 10-K (2026-02-13)","excerpt":"웹텍은 2025년 7월 1일 검사기술 사업부를 약 17억8800만달러에 인수했다.","excerpt_en":"On July 1, 2025, the Company acquired Inspection Technologies for approximately $1.788 billion."},{"stance":"confirms","publisher":"인베스팅닷컴 코리아","publisher_en":"Investing.com Korea","kind":"news","lang":"ko","published_at":"2025-07-02","url":"https://kr.investing.com/news/company-news/article-93CH-1535263","title":"와브텍, Evident 검사 사업부 17.8억 달러에 인수 완료","title_en":"Wabtec Completes $1.78 Billion Acquisition of Evident Inspection Business","excerpt":"와브텍은 Evident의 Inspection Technologies 사업부를 17억8000만달러에 인수 완료했다.","excerpt_en":"Wabtec completed its $1.78 billion acquisition of Evident's Inspection Technologies division."},{"stance":"confirms","publisher":"웹텍","publisher_en":"Wabtec Corporation","kind":"ir","lang":"en","published_at":"2025-07-01","url":"https://www.wabteccorp.com/newsroom/press-releases/wabtec-finalizes-acquisition-of-evident-s-inspection-technologies-division","title":"웹텍, Evident 검사기술 사업부 인수 완료","title_en":"Wabtec Finalizes Acquisition of Evident's Inspection Technologies Division","excerpt":"웹텍은 Evident 검사기술 사업부를 17억8000만달러에 인수했다고 발표했다.","excerpt_en":"Wabtec acquired Evident's Inspection Technologies division for $1.78 billion."}]},{"direction":"revenue","counterparty":"유니언 퍼시픽","counterparty_slug":"union-pacific","confidence":"high","metric":{"type":"contract_value","unit":"USD","as_of":"2026-02-04","basis":"유니언 퍼시픽 AC4400 기관차 현대화 계약 총액","value":1200000000,"period":"Q4 2025 locomotive modernization agreement","basis_en":"Total value of Union Pacific's AC4400 locomotive modernization agreement","qualifier":null},"note":"유니언 퍼시픽은 웹텍에 AC4400 기관차 현대화를 맡긴 대형 고객이다. 2025년 4분기에 체결한 계약 규모는 12억달러이고 인도는 2027년부터 시작될 예정이다.","note_en":"Union Pacific is a major Wabtec customer for AC4400 locomotive modernizations. The $1.2 billion agreement was signed in the fourth quarter of 2025, with deliveries expected to begin in 2027.","sources":[{"stance":"confirms","publisher":"웹텍","publisher_en":"Wabtec Corporation","kind":"ir","lang":"en","published_at":"2026-02-04","url":"https://www.wabteccorp.com/newsroom/press-releases/union-pacific-and-wabtec-sign-12b-deal-to-modernize-locomotives","title":"유니언 퍼시픽과 웹텍, 12억달러 기관차 현대화 계약 체결","title_en":"Union Pacific and Wabtec Sign $1.2B Deal to Modernize Locomotives","excerpt":"유니언 퍼시픽과 웹텍은 AC4400 기관차 현대화를 위한 12억달러 규모 계약을 체결했다.","excerpt_en":"Union Pacific and Wabtec signed a $1.2 billion agreement to modernize the railroad's AC4400 locomotives."}]},{"direction":"revenue","counterparty":"CSX Corporation","counterparty_slug":"csx","confidence":"high","metric":{"type":"contract_value","unit":"USD","as_of":"2026-02-09","basis":"CSX 신규·현대화 기관차 및 디지털 솔루션 계약 총액","value":670000000,"period":"2026 locomotive fleet upgrade agreement","basis_en":"Total value of the CSX new and modernized locomotive and digital-solutions agreement","qualifier":null},"note":"CSX는 신규 Evolution Series 기관차 100대와 현대화 기관차 50대, 디지털 솔루션을 웹텍에 발주했다. 2026년 2월 발표된 계약 총액은 6억7000만달러다.","note_en":"CSX ordered 100 new Evolution Series locomotives, 50 modernized locomotives, and digital solutions from Wabtec. The agreement announced in February 2026 is worth $670 million.","sources":[{"stance":"confirms","publisher":"CSX·웹텍","publisher_en":"CSX Corporation and Wabtec Corporation","kind":"ir","lang":"en","published_at":"2026-02-09","url":"https://ir.wabteccorp.com/node/22021/pdf","title":"CSX, 웹텍과 6억7000만달러 기관차 차량 업그레이드 발표","title_en":"CSX Announces $670M Locomotive Fleet Upgrade with Wabtec","excerpt":"CSX는 웹텍과 신규 기관차 100대, 현대화 기관차 50대를 포함한 6억7000만달러 계약을 체결했다.","excerpt_en":"CSX signed a $670 million deal with Wabtec to upgrade its fleet."}]},{"direction":"revenue","counterparty":"노퍽 서던","counterparty_slug":"norfolk-southern","confidence":"high","metric":{"type":"count","unit":"locomotives","as_of":"2022-03-23","basis":"웹텍 추가 현대화 발주 대상 기관차 수","value":330,"period":"multi-year order announced 2022, completion targeted 2025","basis_en":"Locomotives covered by the additional Wabtec modernization order","qualifier":null},"note":"웹텍은 노퍽 서던의 노후 기관차를 교류 견인 방식으로 현대화하는 작업을 맡고 있으며, 철도회사와 공급사 양쪽 자료가 이 프로그램의 지속을 확인한다.","note_en":"Wabtec is contracted by Norfolk Southern to modernize aging locomotives with AC traction, and disclosures from both the railroad and the supplier confirm the continuing program.","sources":[{"stance":"confirms","publisher":"노퍽 서던","publisher_en":"Norfolk Southern","kind":"ir","lang":"en","published_at":"2025-10-08","url":"https://www.norfolksouthern.com/en/newsroom/story-yard/norfolk-southern-powers-past-1-000th-locomotive-modernization","title":"노퍽 서던, 기관차 현대화 1,000대 돌파","title_en":"Norfolk Southern Powers Past 1,000th Locomotive Modernization","excerpt":"노퍽 서던은 웹텍이 자사 기관차 현대화 프로그램에서 큰 역할을 맡았다고 밝혔다.","excerpt_en":"Wabtec is also playing a large role"},{"stance":"confirms","publisher":"웹텍","publisher_en":"Wabtec Corporation","kind":"ir","lang":"en","published_at":"2022-03-23","url":"https://ir.wabteccorp.com/news-releases/news-release-details/wabtec-modernize-330-norfolk-southern-locomotives/","title":"웹텍, 노퍽 서던 기관차 330대 현대화","title_en":"Wabtec to Modernize 330 Norfolk Southern Locomotives","excerpt":"웹텍은 노퍽 서던 기관차 330대를 현대화하는 추가 다년 발주를 발표했다.","excerpt_en":"an additional multi-year order from Norfolk Southern to modernize 330 locomotives"}]},{"direction":"cost","counterparty":"Tata Consultancy Services","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2021-08-02","basis":"TCS의 웹텍 ERP·진단 시스템 통합 및 클라우드 이전 서비스 비용","value":null,"period":"2021 post-merger systems integration","basis_en":"TCS services spending for Wabtec's ERP and diagnostics integration and cloud migration","qualifier":"confirmed_no_disclosed_value"},"note":"TCS는 GE Transportation 인수 뒤 웹텍의 ERP와 원격 기관차 진단 시스템을 통합하고 클라우드로 이전했다. 서비스 대가는 공개되지 않았다.","note_en":"TCS integrated Wabtec's ERP and remote locomotive-diagnostics systems following the GE Transportation transaction and migrated workloads to the cloud. The service consideration was not disclosed.","sources":[{"stance":"confirms","publisher":"타타 컨설턴시 서비스","publisher_en":"Tata Consultancy Services","kind":"ir","lang":"en","published_at":"2021-08-02","url":"https://www.tcs.com/who-we-are/newsroom/press-release/tcs-enables-post-merger-integration-ge-transportation-wabtec","title":"TCS, GE Transportation과 웹텍의 합병 후 통합 지원","title_en":"TCS Enables Post-Merger Integration of GE Transportation into Wabtec","excerpt":"TCS는 웹텍이 GE Transportation의 핵심 시스템 통합을 완료하도록 지원했다.","excerpt_en":"TCS helped Wabtec Corporation successfully complete the post-merger integration of GE Transportation's core systems."}]},{"direction":"cost","counterparty":"Wipro Limited","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2019-11-04","basis":"Wipro의 웹텍 핵심 애플리케이션 클라우드 전환 서비스 비용","value":null,"period":"2019 cloud-first application migration initiative","basis_en":"Wipro services spending for Wabtec's business-critical application cloud migration","qualifier":"confirmed_no_disclosed_value"},"note":"Wipro는 웹텍의 핵심 업무 애플리케이션을 멀티클라우드 환경으로 옮기는 공급사로 선정됐다. 계약 금액은 공개되지 않았다.","note_en":"Wipro was selected to migrate Wabtec's business-critical applications to a multi-cloud environment. The contract value was not disclosed.","sources":[{"stance":"confirms","publisher":"웹텍","publisher_en":"Wabtec Corporation","kind":"ir","lang":"en","published_at":"2019-11-04","url":"https://www.wabteccorp.com/newsroom/press-releases/wabtec-corporation-collaborates-with-wipro-for-cloud-first-application-migration","title":"웹텍, 클라우드 우선 애플리케이션 이전을 위해 Wipro와 협력","title_en":"Wabtec Corporation Collaborates with Wipro for Cloud-first Application Migration","excerpt":"Wipro는 웹텍에 클라우드 우선 방식의 디지털 전환 서비스를 제공한다.","excerpt_en":"Wipro will deliver digital transformation through a cloud-first approach for Wabtec."}]}]}