WABTEC has acquired Fanox and Kompozitum for $US 110m to strengthen its rail transit business.
Fanox manufactures relays for use in trains and industrial applications, while Kompozitum produces carbon strips for pantographs and graphite products. Wabtec says the purchase of Kompozitum will improve the efficiency of manufacturing pantographs and allow it to open new markets for carbon and graphite products.
“These acquisitions align with our strategy by bringing in technologies that are complimentary to our product portfolio, positioning the business for accelerated profitable revenue growth,” says Mr Pascal Schweitzer, president of Wabtec Transit.
For detailed data on rolling stock orders worldwide, subscribe to IRJ Pro.
