Wabtec Acquires Relay Monitoring Systems, A Manufacturer Of Electrical Protection And Control Products
WILMERDING, PA, December 7, 2015 – Wabtec Corporation (NYSE: WAB) has acquired Relay Monitoring Systems PTY Ltd. (RMS), a manufacturer of electrical protection and control products with annual sales of about $15 million. The company’s products, which are used in energy and rail applications worldwide, include relays, transformer control systems, and voltage regulators, as well as electrical output monitoring systems and sensors.
Raymond T. Betler, Wabtec’s president and chief executive officer, said: “RMS is an excellent strategic fit with our existing Mors Smitt business. Together, the companies offer complementary products and geographic presence, which we believe will result in superior growth opportunities for both.”
Based in Australia, RMS has operations or distribution networks in Asia and the Middle East, and its customers include utilities and rail equipment manufacturers.
Wabtec Corporation 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.