Wabtec acquires AM General Contractor, a manufacturer of safety systems for transit cars

- Wilmerding, US
Two people shaking hands

Wabtec Corporation (NYSE: WAB) has acquired AM General Contractor (AM), a manufacturer of safety systems, mainly for transit rail cars. Based in Europe, AM has annual sales of about $25 million.

AM manufactures primarily fire protection and extinguishing systems, including a patented, infra-red technology solution. The company also provides related aftermarket services and components for both rail and industrial markets.

Raymond T. Betler, Wabtec’s president and chief executive officer, said: “AM adds new, safety- and technology-related products to our portfolio. Its growth opportunities include an expanding retrofit market over the next five years, driven by European Union regulations. In addition, AM’s technology offers expansion opportunities into new geographic markets including the UK, India and China.”

Wabtec Corporation is a leading global provider of equipment, systems and value-added services for transit and freight rail. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services. The company has facilities located throughout the world.

About WabtecWabtec logo

Wabtec Corporation is a global provider of value-added, technology-based products and services for freight rail, passenger transit and other industrial segments. The company manufactures a range of products for locomotives, freight cars and passenger transit vehicles, new switcher and commuter locomotives and provides aftermarket services.

  • Join our community for FREE today!

  • Create and share your own profile

  • Join the discussions

  • Publish your own items

  • Subscription to our Weekly eNewsletter

your benefits?

Get connected with Mass Transit Professionals Worldwide

Create your account

Sign in with LinkedIn Close

FREE membership benefits

  • * create and share your own profile
  • * join the discussions
  • * publish your own items on Mass Transit Networkmanage news, jobs, tenders, companies, events, showcases, educations, associations and literature.
  • * subscribe to our weekly eNewsletter
Add news yourself

Comments

There are no comments yet for this item

Join the discussion

You can only add a comment when you are logged in. Click here to login