Wabtec to acquire frauscher sensor technology group

Pittsburgh--(business wire)--wabtec corporation (nyse: wab) announced today that it has entered into a definitive agreement to acquire frauscher sensor technology group gmbh (“frauscher”), a global market leader in train detection, wayside object control solutions and axle counting systems. the acquisition positions wabtec for accelerated, profitable growth, and further strengthens the company's digital intelligence business by adding highly attractive and complementary railway signaling techno.
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