Wabtec Acquires MASU's Railway Friction Business to Expand Brake Product Portfolio.
MANews-(C)2009-2022
India-based transportation solutions provider Wabtec Corp. (NYSE: WAB) has acquired the railway friction business from MASU, a manufacturer of friction products across the automotive and rail industry, the company said.
The acquisition, valued at approximately USD 34m, will strengthen Wabtec's position as a rail manufacturer in India. Additional terms of the transaction were not disclosed.
The acquisition will expand Wabtec's installed base and accelerate growth...
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