Westinghouse Air Brake Technologies : 10/2/2017 Wabtec Acquires AM General Contractor, A Manufacturer Of Safety Systems For Transit Cars
October 02, 2017 at 02:05 pm EDT
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WILMERDING, PA, Oct. 2, 2017 - 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.
Wabtec Corporation published this content on 02 October 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 October 2017 18:04:01 UTC.
Original documenthttps://www.wabtec.com/press-releases/8291/wabtec-acquires-am-general-contractor-manufacturer-safety-systems-transit-cars
Public permalinkhttp://www.publicnow.com/view/F0AC838AEFABCF752F19831C91E562CFAD4A808E
Westinghouse Air Brake Technologies Corporation is one of the world's leading suppliers of value-added technological equipment, systems and services for the transportation sector. The activity is aorganized primarily around 4 families of products and services:
- electronics and special products: including electronic positive train control and pneumatic braking systems, event recorders, monitoring equipment, couplings, gears, couplers, air compressors and heat exchangers;
- transit products: heating, ventilation and air conditioning equipment, doors for buses and metro cars, pantographs, window assemblies, couplers, traction motors, etc.;
- brake components and friction products;
- refurbishment, overhaul and construction services: suburban locomotive construction and switching, overhaul and refurbishment of buses, subway cars and locomotives.
Net sales per market are divided between rail freight transport (71.9%), bus, metro and high-speed train transport (28.1%).
Net sales are distributed geographically as follows: the United States (47%), North America (9.1%), Europe (17%), South America (3.6%), Africa (1.1%) and other (22.2%).