Wabtec Expands Its Presence in Europe Through Strategic Acquisitions

Wabtec continues expanding its European presence by acquiring Spanish Fanox and Slovak Kompozitum. These strategic deals highlight the company’s commitment to growth in the railway transportation industry. This was reported by the railway transport news portal Railway Supply.

Fanox: A Key Addition to Wabtec

Fanox, founded in 1992, specializes in producing electrical equipment for the railway and other industries. It manufactures protection relays for electric motors and generators, enhancing equipment reliability and safety. In 2022, Fanox produced over 90,000 medium-voltage relays, demonstrating consistent development and a strong market presence.

Kompozitum: Unlocking New Possibilities for Wabtec

Slovak-based Kompozitum, established in 1990, produces innovative materials like carbon and graphite composites. It also develops composite materials with metal matrices and impregnates carbon inserts for pantographs. These components are essential for high-speed trains and locomotives, ensuring durability and efficiency.

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Wabtec invested $110 million in these acquisitions to boost production capacity and product quality. The company’s leadership believes these purchases will enhance its capabilities in producing train relays and pantographs.

Fanox and Kompozitum will integrate into Wabtec’s operations, driving innovation and improving operational efficiency. Advanced technologies from these companies will meet growing demand for electrical solutions, ensuring competitiveness.

These acquisitions align with Wabtec’s global expansion strategy. The company aims to continue investing in cutting-edge technologies to maintain leadership in the railway sector.

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