Frauscher Sensor Technology has selected Greenbriar Equity Group LLC, a New York-based private equity company as its new equity partner.
Frauscher was acquired in conjunction with the company’s existing management team, led by CEO Michael Thiel. Terms of the transaction were not disclosed.
As part of the partnership, Greenbriar will bring relevant expertise to support Frauscher’s expansion into North America, while continuing to support management’s strategic vision globally. The investment strengthens the company’s position as the leading independent supplier of train monitoring solutions and will accelerate the development of industry leading innovations such as the new Frauscher Tracking Solutions (FTS) system, which is based on distributed acoustic sensing technology.
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