
In a move to strengthen its position in the railway technology sector, Wabtec Corporation has announced its acquisition of the Frauscher Sensor Technology Group. The deal, valued at an undisclosed amount, is expected to enhance Wabtec’s capabilities in providing advanced sensor solutions for the global railway industry.
Frauscher Sensor Technology Group, based in Austria, is a leading provider of wheel detection and axle counting technology for railway applications. The company’s innovative sensor technology is known for its reliability and accuracy, making it a trusted partner for rail operators worldwide.
With this acquisition, Wabtec aims to further expand its portfolio of solutions for the rail industry, offering customers a comprehensive range of products and services to improve safety, efficiency, and reliability in railway operations. By integrating Frauscher’s sensor technology into its existing offerings, Wabtec can provide enhanced solutions for train control and asset monitoring systems.
“We are excited to welcome the Frauscher Sensor Technology Group to the Wabtec family,” said Rafael Santana, President and CEO of Wabtec Corporation. “Their expertise in sensor technology will complement our existing capabilities and enable us to deliver even greater value to our customers in the railway industry.”
The acquisition is subject to regulatory approvals and is expected to close in the coming months. Wabtec Corporation, a leading provider of equipment, systems, and services for the global rail industry, continues to invest in innovative technologies to drive the future of transportation. Stay tuned for more updates on this strategic acquisition and its impact on the railway technology sector.
Source: Wabtec Corporation