From St. Marienkirchen in the Innviertel to Pittsburgh in the US: the aforementioned American group Wabtec takes over the Upper Austrian company Frauscher. Purchase price for the manufacturer of sensor technologies for railway traffic: 675 million euros.
The Frauscher sensor technology of the upper Austrian rail sensor manufacturer changes the owner. The aforementioned American group Wabtec takes over the company from the Innviertel for 675 million euros, such as the report “Oön”. WABTEC produces locomotives and components for railway vehicles and recently implemented $ 10.5 billion (equal to 8.95 billion euros).
Founder sold almost ten years ago
In particular, the parent company Frauscher Sensor Technology Group must be taken over. Frauscher -Sensor technology develops and produces security signal technology for railway construction, such as wheel sensors and astellers. The company was founded in 1987 by Josef Frauscher. In 2016/17 he sold the company to the management with Michael Thiel (59) at the head and the American Fund Greenbriar. In 2019, Delachaux Frauscher took more than 92 percent. Now both Delachaux and the management (most recently eight percent) sell their shares.
Source: Krone
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