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

2019 list of best U.S. cities for public transportation unveiled

The results also show that cities in the Northeast and Mid-Atlantic tend to rank higher for public transit.

Jenkins joins HNTB as national transit/rail consultant

He specializes in delivering complex, multimodal and multidisciplinary infrastructure projects.

Cleveland RTA's economic impact to community totals $322M per year

The annual savings to passengers who choose to ride RTA rather than use their own transportation is $51.8 million.

MBTA adopts new fare structure

The overall system-wide average increase is approximately 5.8%.

Indiana's Citilink names new GM

Maurice (Reese) Pearl succeeds Ken Housden, who retired, and interim John Haenftling.

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