Wabtec Acquires Frauscher (UPDATED 12/2)
Pittsburgh, Pa.-based Wabtec Corporation on July 7 reported entering into a definitive agreement to acquire Austria-based Frauscher Sensor Technology Group GmbH (Frauscher), a supplier of train detection, wayside object control systems, and wheel sensors and axle counters, for an enterprise value of €675 million in cash. Late on Dec. 1, Wabtec announced finalizing the acquisition.
