Wabtec Completes Acquisition Of Fandstan

Wabtec Corpo. has completed the previously announced acquisition of Fandstan Electric Group Ltd., a rail and industrial equipment manufacturer, for about $220 million.

Based in London, England, Fandstan Electric has annual sales of about $245 million.

Fandstan Electric designs, manufactures and installs electrical current and data collection products for a variety of markets, including rail and tram transportation, industrial and energy.  The company’s highly engineered products include pantographs, third rail shoe gears, electrical contacts and brush holders, and its brand names include Brecknell Willis, Stemmann Technik and TransTech.  Fandstan Electric has about 1,000 employees and operations in the U.K., Europe, China, Australia, and the U.S.