Management & Operations

Wabtec acquires Track IQ

Posted on October 14, 2015

Wabtec Corp. acquired the assets of Track IQ, a manufacturer of wayside sensor systems for the global rail industry, with annual sales of about $15 million.

Track IQ’s products use acoustic sensors on the tracks to monitor and measure the operating condition of bearings and wheels on freight and passenger rail vehicles. The products provide data used to improve preventive maintenance and safety performance. The company’s systems have been installed at more than 150 locations around the world.

Based in Australia, Track IQ has additional product support offices in the U.S. and Europe. Its customers include Class I railroads in the U.S., and other large rail networks in Europe and Australia.

Wabtec Corp. is a global provider of value-added, technology-based products and services for rail and other industrial markets. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives and provides aftermarket services. The company has facilities located throughout the world.

View comments or post a comment on this story. (0 Comments)

More News

Transdev names new VP, business development

Cristina Russell has a successful record of working with customers to bring customized offers and solutions. 

Lyft will show CTA, Metra schedules on its app

Chicago is the fifth city in which Lyft rolled out the new feature, called Nearby Transit.

WMATA selling surplus property to cut costs, generate revenue

Properties in Maryland, Virginia, and the District have potential for commercial, residential, and/or mixed-use development.

Voith appoints new director of rail for North America

Garrett Goll has 10 years of experience in the rail industry.

VTA chief receives 'Lifetime Achievement Award' from university group

During her 30-plus-year career, Fernandez has served in leadership roles at some of the largest transportation agencies in the U.S.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation