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Wabtec Acquires Track IQ

Wabtec Corporation, Wil­merding, PA, has acquired the assets of Track IQ, a manufacturer of wayside sensor systems for the global rail industry, with annual sales of about $15 million.

Wabtec Corporation manufactures a broad range of products for locomotives, freight cars and passenger transit vehicles, builds new locomotives up to 4,000 horsepower and provides aftermarket services. It was formed through the 1999 merger of Westinghouse Air Brake Company and MotivePower Industries Inc. Its history dates to 1869, when George Westinghouse established the original Westinghouse Air Brake Company.

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.
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