Westinghouse Air Brake Technologies Corporation (NYSE:WAB) is looking for bolt-on acquisitions. Rafael Santana, President and CEO said, "We are continuing to explore bolt-on acquisitions. We're going to be very opportunistic here.

They will be strategic, they will drive a higher ROIC, ultimately accelerate profitable growth path for Wabtec and increase shareholder value. I think L&M is really a great example of that. So we're active, really trying to make sure that we find those opportunities".