HOSUR, Tamil Nadu, India--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) today announced it recently acquired the railway friction business from MASU, a leading manufacturer of friction products across the automotive and rail industry. The acquisition, which has received necessary regulatory approvals and is subject to customary closing conditions, will expand Wabtec�s installed base and accelerate growth across its brake product portfolio.

�MASU is a strategic acquisition for Wabtec that complements our product portfolio and builds upon our leadership position in the railway friction market,� said Lilian Leroux, President of Wabtec�s Transit business. �It aligns with our growth strategy to provide operators with innovative, scalable products that increase productivity, utilization, and capacity. We have now state-of-the-art friction manufacturing capabilities on every continent and will better serve operators and car-builders around the world, reducing operating costs while improving performance.�

�We are excited about this acquisition, which accelerates our long-term growth strategy in India,� said Sujatha Narayan, Senior Vice President and Regional Leader for Wabtec in India. �We have a strong brakes portfolio in India supplying brake systems on Indian Railways' locomotives and LHB coaches, as well as metros. This acquisition will strengthen Wabtec�s position as a �Made in India� manufacturer, provide an attractive offering for customers, and open new opportunities for regional and international expansion.�

The acquisition, valued at approximately $34 million, will strengthen Wabtec�s position as a leading rail manufacturer in India.

About Wabtec

Wabtec Corporation (NYSE: WAB) is focused on creating transportation solutions that move and improve the world. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 150 years and has a vision to achieve a low- to zero-emission rail system in the U.S. and worldwide. Visit Wabtec�s website at: www.WabtecCorp.com.

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