(Railfanning.org) – Wabtec Corp. has acquired MASU’s railway friction business, a move Wabtec officials say will accelerate its long-term growth strategy in India.
The roughly $34 million acquisition has received necessary regulatory approvals and is subject to “customary closing conditions.”
MASU is a leading manufacturer of friction products across the automotive and rail industry. Wabtec officials say the acquisition will expand its installed base and accelerate growth across its brake product portfolio.
“MASU is a strategic acquisition for Wabtec that complements our product portfolio and builds upon our leadership position in the railway friction market,” Lilian Leroux, president of Wabtec’s transit business, said in a news release.
“It aligns with our growth strategy to provide operators with innovative, scalable products that increase productivity, utilization, and capacity,” Leroux added. “We have now state-of-the-art friction manufacturing capabilities on every continent and will better serve operators and car-builders around the world, reducing operating costs while improving performance.”