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Wabtec Acquires Annax
Wabtec Corporation, a global provider of equipment, systems and value-added services for public transit and freight rail based in Wilmerding, PA, has acquired Annax, a supplier of public transit public address and passenger information systems based in Germany with additional operations in Switzerland and China.
Raymond T. Betler, Wabtec’s president and chief executive officer, called Annax “an excellent strategic fit with our existing electronics business … [that] complement[s] Wabtec’s product portfolio.”
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