USA, Austria: Wabtec has announced the acquisition of Austria-based Frauscher Sensor Technology Group from France’s Delachaux Group for €675 mln. The transaction is subject to customary closing conditions and regulatory approvals. Only this year, Frauscher is expected to generate approximately €145 million in revenue.
Founded in 1987, Frauscher is a leading supplier of axle counting systems and wheel detection sensors for rolling stock. The company claims a 45% share of the global axle counting market, having delivered more than 350,000 sensors to over 100 countries worldwide.
Frauscher’s manufacturing facilities have the capacity to produce up to 50,000 sensors annually. The company employs more than 600 staff across 15 countries on four continents.
This latest acquisition follows Wabtec’s recent purchase of the inspection technologies division from Evident for nearly $1.8 bln, further strengthening the group’s position in the railway automation and diagnostics sector.
