Wabtec Corporation acquires MASU’s rail friction business
Hosur, India (Urban Transport News): Wabtec Corporation announced that the company has recently acquired the rail friction business of MASU Brake Pad Pvt. Ltd, one of the leading manufacturers of friction products in the automotive and rail industry. The acquisition, which has received the necessary regulatory approvals and is subject to customary closing conditions, will expand Wabtec’s installed base and accelerate the growth of its brake product portfolio.
“MASU is a strategic acquisition for Wabtec which complements our product portfolio and builds on our leadership position in the rail friction market. It aligns with our growth strategy to provide operators with innovative and scalable products that increase productivity, utilization and capacity. We now have advanced friction manufacturing capabilities on all continents and will better serve operators and automakers around the world, reducing operating costs while improving performance, ”said Lilian Leroux, president of the Wabtec’s Transit activity.
“We are delighted with this acquisition, which accelerates our long-term growth strategy in India. We have a strong brake portfolio in India, providing brake systems on Indian Railways locomotives and LHB coaches, as well as subways. This acquisition will strengthen Wabtec’s position as a ‘Made in India’ manufacturer, offer an attractive offer for customers and open up new opportunities for regional and international expansion ”, said Sujatha Narayan, Senior Vice President and Regional Leader of Wabtec in India.
Wantech hoped the acquisition, valued at around $ 34 million, would strengthen its position as a leading rail manufacturer in India.
Wabtec Corporation is focused on creating transportation solutions that move and improve the world. The company is one of the world’s leading providers of value-added equipment, systems, digital solutions and services for the freight and rail transport sectors, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 150 years and has a goal of achieving a low-to-zero emission rail system in the United States and around the world.
MASU Brake Pad Pvt Ltd, based in Delhi, was established in 1982 with the aim of becoming the leading supplier of brake pads and brake linings.