The French Delachaux Group has completed the acquisition of majority stake in Frauscher Sensor Technology, with the remaining shares being held by the Frauscher Management Team.
By joining Delachaux’ other businesses, Frauscher adds their impressive line of products, services and systems to the group’s portfolio, which consists of solutions that are essential for the safety, reliability and efficiency of their customers’ equipment and infrastructure.
Under the agreement, Michael Thiel remains the CEO of Frauscher Sensor Technology and, additionally, he becomes a new member of the Delachaux Group Executive Committee. “Delachaux pursues strategic goals that are perfectly in line with ours. The focus is on much more than increasing the value of the company. Our global growth plans as well as development projects and research activities have been secured. This will enable us to tap further markets and develop new solutions for various application areas,” Michael Thiel said.
Founded in 1987 in Austria, Frauscher has installed wheel sensors and axle counters in more than 80 countries. The company has more than 430 employees in 13 countries and posted a sales turnover of EUR 70 million in 2018. Recently, Frauscher has been investing in the development of solutions based on Distributed Acoustic Sensing, for the rail industry. This technology has the potential to be used for many applications like train tracking, asset condition monitoring and security requirements in the railway industry.
Delachaux Group owns Pandrol (Rail Infrastructure), Conductix-Wampfler (Energy & Data Management Systems) and DCX Chrome (Chromium Metal).
“This acquisition opens very promising future developments in predictive maintenance for rail infrastructure and some great collaboration opportunities with Pandrol. At a time where the rail industry is reshaping itself, we position the Delachaux Group and our two leading businesses Frauscher and Pandrol as key players in this transformation,” Guy Talbourdet, CEO of the Delachaux Group said.
Share on:
