Wabtec Corporation has acquired AM General Contractor (AM), a manufacturer of safety systems, mainly for transit rail cars. Based in Europe, 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. AM has annual sales of about USD 25 million.
“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,” Raymond T. Betler, Wabtec’s president and chief executive officer, said.
Share on:
