Rail technology provider Wabtec Corp. today said it has agreed to pay for $790 million to acquire Frauscher Sensor Technology Group GmbH, an Austrian maker of train detection, wayside object control solutions, and axle counting systems.
According to Pittsburgh-based Wabtec, the deal positions it for accelerated, profitable growth, and further strengthens the company’s Digital Intelligence business by adding complementary railway signaling technologies. Frauscher is expected to generate approximately $170 million of revenue in 2025 and its expected growth will exceed Wabtec’s average growth over the next five years, the company said.
“Frauscher is a strong addition to the Digital Intelligence business, with a complementary product portfolio that supports our vision of maximizing the safety, efficiency, and capacity of the global rail network,” Nalin Jain, president of Wabtec’s Digital Intelligence Group, said in a release. “By combining our businesses, we will be able to deliver safety-critical insights through customized systems combining sensors with software and analytics, along with a comprehensive lifecycle services suite. Given Frauscher’s significant presence in Europe and India, this acquisition will further strengthen our international growth strategy in these large markets.”
