Wabtec Corp. acquired Tec Tran Corp. and its affiliates. Tec Tran is the only U.S.-owned manufacturer of hydraulic braking systems for transit cars.
Based in North Carolina and founded more than 30 years ago, Tec Tran has annual sales of about $10 million. Wabtec expects the transaction to be accretive in the first year.
Tec Tran designs and manufactures hydraulic braking systems and related components, including calipers, power units, electronic controls and brake discs, for both new and aftermarket applications. The company’s customers include global transit car builders and many North American transit agencies.
Wabtec Corp. is a global provider of technology-based products and services primarily for the rail and transit industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles.