Wabtec Acquires AM General Contractor, A Manufacturer Of Safety Systems For Transit Cars
October 02 2017 - 11:56AM
Wabtec Corporation (NYSE:WAB) has acquired AM General Contractor
(AM), a manufacturer of safety systems, mainly for transit rail
cars. Based in Europe, AM has annual sales of about $25
million.
AM manufactures primarily fire protection and extinguishing
systems, including a patented, infra-red technology solution.
The company also provides related aftermarket services and
components for both rail and industrial markets.
Raymond T. Betler, Wabtec’s president and chief executive
officer, said: “AM adds new, safety- and technology-related
products to our portfolio. Its growth opportunities include
an expanding retrofit market over the next five years, driven by
European Union regulations. In addition, AM’s technology
offers expansion opportunities into new geographic markets
including the UK, India and China.”
Wabtec Corporation is a leading global provider of equipment,
systems and value-added services for transit and freight
rail. Through its subsidiaries, the company manufactures a
range of products for locomotives, freight cars and passenger
transit vehicles. The company also builds new switcher and commuter
locomotives, and provides aftermarket services. The company has
facilities located throughout the world.
Contact:
Tim WesleyPhone: 412.825.1543
E-mail: twesley@wabtec.com Website: www.wabtec.com
Wabtec Corporation1001 Air Brake AvenueWilmerding, PA 15148
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