Pennsylvania-based rail manufacturer Wabtec has signed a definitive agreement to acquire London-based rail and industrial equipment manufacturer Fandstan Electric Group for approximately $215m.

Through its subsidiaries, Fandstan Electric designs, manufactures and installs a range of electrical current and data collection products for a variety of markets, including rail and tram transportation, industrial and energy. The company also provides aftermarket services.

"Fandstan Electric will expand our high-technology content on transit vehicles."

Fandstan Electric’s products include pantographs, third rail shoe gears, electrical contacts and brush holders, and its brand names include Brecknell Willis, Stemmann Technik and Transtech.

With around 1,000 employees in the UK, Europe, China, Australia and the US, the company has annual sales of about $235m.

Wabtec chairman and CEO Albert Neupaver said: "Fandstan Electric will expand our high-technology content on transit vehicles and provides another entry into the infrastructure segment of the market.

"In addition, the company has a strong presence in growing non-rail markets, and a well-established aftermarket, with an installed base in more than 100 countries around the world."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The transaction is expected to complete in the first quarter of this year, subject to customary closing conditions and competition authority clearance.