Wabtec acquired Fanox and Kompozitum, investing $110 million to expand its product offerings and market reach. This was reported by the railway transport news portal Railway Supply.

Wabtec
Photo: Wabtec

The American corporation Wabtec acquired two European technology companies, investing $110 million in the deals. Wabtec aims to expand its product range and attract new clients, securing competitive advantages.

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The deals include the Spanish company Fanox and the Slovakian company Kompozitum, each contributing to Wabtec’s growth and strengthening its market position.

Founded in 1992, Fanox develops electrical devices for railway transportation and industrial use. Known for its protective and control relays, Fanox products are in demand across multiple sectors. By acquiring Fanox, Wabtec will enhance its offerings in electrical systems, which are vital for modern railway projects.

The Slovakian company Kompozitum, also acquired by Wabtec, manufactures products from carbon and metallographite. Kompozitum’s products are used in high-speed trains, ensuring durability and safety for pantographs and other traction equipment. This acquisition strengthens Wabtec’s presence in the high-speed rail transportation sector.

These new acquisitions reflect Wabtec’s commitment to expanding its capabilities and improving service quality.

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