US-based Wabtec Corporation has acquired the rail friction business from India-based Masu, which offers friction offerings for the automotive and rail industries.
Worth around $ 34 million, the deal is said to be one of the first acquisitions in India following the merger of GE Transportation and Wabtec in 2019.
This transaction has already obtained regulatory approval and is now subject to customary closing requirements.
According to Wabtec, the acquisition is expected to strengthen its installed base and expand its portfolio of braking products.
Thanks to this takeover, Wabtec will also be able to strengthen its position as “rail leader in India”.
Wabtec Transit Business President Lilian Leroux said: “Masu is a strategic acquisition for Wabtec that complements our product portfolio and builds on our leadership position in the rail friction market.
“It aligns with our growth strategy to provide operators with innovative and scalable products that increase productivity, utilization and capacity. We now have state-of-the-art friction manufacturing capabilities on every continent and we will better serve operators and automakers around the world, reducing operating costs while improving performance.
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Sujatha Narayan, Senior Vice President and Regional Leader of Wabtec India, added: “We have a strong brake portfolio in India, providing brake systems on Indian Railways locomotives and LHB coaches, as well as subways. . This acquisition will strengthen Wabtec’s position as a “Made in India” manufacturer, provide an attractive offering for customers and open up new opportunities for regional and international expansion. “
Wabtec offers equipment, systems, digital solutions and value-added services for the freight and rail transport industries.
With over 150 years of experience in the rail industry, the company aims to achieve a low-emission or even zero-emission rail solution in the United States and around the world.
In November 2021, Canadian National (CN) purchased the FLXdrive battery electric freight locomotive from Wabtec.