Monday, July 16, 2012

Wabtec completes Tec Tran acquisition

Written by  Luther S. Miller, Senior Consulting Editor

Wabtec Corp. announced Monday that it has completed the acquisition of Tec Tran Corp., which manufactures hydraulic braking systems and related components.

Tec Tran is the only U.S.-owned producer of hydraulic braking systems for transit cars. It has annual sales of about $10 million.

"With its expertise in hydraulic braking equipment, Tec Tran offers new capabilities and technology to complement our product portfolio," said Albert J. Neupaver, Wabtec's president and CEO. "This technology is the preferred braking system for light rail vehicles and streetcars, which are a growing segment of the transit car market in the U.S."