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Wabtec Corporation Acquires Safety System Manufacturer
Wabtec Corporation has acquired AM General Contractor (AM), a Europe-based manufacturer of safety systems, mainly for public transit railcars, including fire protection and extinguishing systems and related aftermarket services and components.
Raymond T. Betler, Wabtec’s president and chief executive officer, said, “AM adds new safety- and technology-related products to our portfolio. Its growth opportunities include an expanding retrofit market over the next five years, driven by European Union regulations. In addition, AM’s technology offers expansion opportunities into new geographic markets including the UK, India and China.”
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