Wabtec Corporation has announced the acquisition of Frauscher Sensor Technology Group. According to the company announcement Wabtec Corporation is a leading global provider of equipment, systems, digital solutions, and value-added services for the freight and transit rail industries, as well as the mining, marine, and industrial markets. With a 155-year history in the rail industry, Wabtec is focused on revolutionizing global transportation for future generations and aims to achieve a sustainable rail system worldwide. The company is strategically expanding its Digital Intelligence business through acquisitions, such as the definitive agreement to acquire Frauscher Sensor Technology Group, a global market leader in train detection and wayside object control solutions. This acquisition is expected to accelerate profitable growth for Wabtec and enhance its portfolio with complementary railway signaling technologies.

To learn more about Wabtec Corporation, visit http://www.wabteccorp.com/
Company LinkedIn Page: https://www.linkedin.com/company/wabtec-corporation/

Company Contact:

Rafael Santana, President and Chief Executive Officer
412-825-1000

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