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

Keolis to operate RTC of Washoe County's bus services

The fixed-route bus network serves over seven million annual passengers, including over 20,000-weekday riders.

Amtrak recognized as one of America's best employers

The agency is on the Forbes list for the fifth year in a row and is among 500 employers across 25 industries.

WMATA joins Greater Washington Smart Region Movement

The agnecy and the Board of Trade signed an agreement whereby they will work together to help move critical digital projects forward in the region.

STV names new industrial engineer and project manager

Prior to joining the firm, William Smith produced designs for various urban and regional transit facilities, and freight railroad shops and yards.

MV Transportation names new CEO

Thomas A. Egan is an accomplished executive with an impressive track record of driving growth, efficiencies, and quality improvement.

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