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Engineering solutions provider the Delachaux Group has completed the acquisition of a majority stake in Frauscher Sensor Technology Group.
The remaining stake will be owned by the Frauscher Management Team.
Established in 1987 in Austria, Frauscher specialises in manufacturing wheel sensors and axle counters for the rail industry.
The company employs more than 430 people and has operations in 13 countries. It has installed wheel sensors and axle counters in more than 80 countries.
“Delachaux pursues strategic goals that are perfectly in line with ours. The focus is on much more than increasing the value of the company.”
The acquisition bolsters Delachaux Group’s existing product and service portfolio. Delachaux is the owner of rail infrastructure manufacturer Pandrol, as well as energy, data management systems and metals engineering businesses.
With the transaction now complete, Michael Thiel will continue to serve as CEO for Frauscher Sensor Technology.
Additionally, he becomes a member of the Delachaux Group Executive Committee.
Thiel said: “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.”
Frauscher is currently working on the development of Distributed Acoustic Sensing-based solutions for various applications in the rail industry such as train tracking, asset condition monitoring and security.
Delachaux Group CEO Guy Talbourdet said: “We share with Frauscher the same values of long term perspective, expertise and entrepreneurial spirit, and I have no doubt that we will develop powerful synergies to provide innovative solutions to our customers in the rail industry.”
The post Delachaux acquires majority stake in Frauscher Sensor Technology appeared first on Railway Technology.
This article first appeared on www.railway-technology.com
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