Wabtec to acquire Frauscher Sensor Technology Group for €675m.

Wabtec, a technology company, agreed to acquire Frauscher Sensor Technology Group, a company specializing in wheel sensor technology, for €675m. "This strategic acquisition enhances Wabtec's current Digital Intelligence portfolio, our opportunities in a high potential market, and aligns with our company's long-term growth strategy. Frauscher has an industry leading portfolio that offers a rare combination of innovative technology, sustained growth, and strong and resilient profitability," Rafael Santana Wabtec President and CEO.