Rail

Wabtec acquires brake system manufacturer

Posted on July 18, 2012

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.

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

More News

Chicago Transit replacing airport escalator damaged in train wreck

The train wreck, which occurred in the early morning of March 24, 2014, when the operator allegedly fell asleep, injured more than 30 people and caused roughly $9 million in damage. The lead railcar had to be cut up to remove it from the escalator.

DART takes delivery of first streetcar for new service

The vehicle, which was a designed and built by Brookville Equipment Corp., will be the first streetcar in the U.S. that utilizes wireless traction power.

NJ TRANSIT marks Newark Penn Station's 80th year

Opened in 1935, Newark Penn Station is listed on both the State and National Registers of Historic Places. The station was originally designed and still operates as an intermodal facility serving pedestrian, taxi, bus and private vehicle traffic generated by the more than 50,000 transit customers who use the station each day.

Calgary Transit trains, buses breaking down more often

Part of the problem is an aging fleet, according to officials. Calgary Transit placed a $200-million deal in 2013 to buy 60 new light rail vehicles; however, those vehicles will not be operational until 2016.

Alstom to develop zero-emission train

The new trains for Hermann-Hesse railway line will be completely emission-free. In times of increasing energy costs and higher level of pollution, the development of this technology is essential.

See More News

Post a Comment

Post Comment

Comments (0)

Please sign in or register to .    Close