Can you give us a brief overview with regards to the operations of Wabtec Corporation in India & Faiveley Transport Rail Technologies India Limited?
Wabtec Corporation has been in operation in India for over two decades. We have fuelled strong growth over the last three years through expansion of our footprint, strategic partnerships and global acquisitions. Two major acquisitions have catapulted Wabtec into one of the largest rolling stock and rail equipment manufacturers globally and in India - Faiveley Transport in November 2016 and GE Transportation in February 2019.
The organization is now coming together as ‘One Wabtec’ by driving integration of the merged companies, businesses and functions, and leveraging operational synergies. The industry will see this in our unified presence at the 2019 International Rail Exhibition and Exposition (IREE) from October 21 - 24 and we invite your readers to visit our booth and learn more about our company, our products and our people.
There are two parts to the business primarily – Transit and Freight. Transit or passenger movement is under the legacy Faiveley umbrella and sells Brake Systems, Pantographs, Third Rail, HVAC systems, Couplers, Doors and Power relays for Electric Locomotives, Railway Coaches and Metros. Under Freight or goods movement, there are three sub-segments: (1) Freight Components, primarily making Draft Gears, Friction Wedges, Relays, Bogie Mounted Brake systems and Brake Blocks for freight cars or wagons and MTC which makes Metal Bonded Rubber products for Primary and Secondary suspension for Bogies (2) Freight Equipment – part of this business is legacy GE Transportation that manufactures Diesel locomotives (3) Electronics & Digital Solutions for Railway Infrastructure. We also have a robust Services business with integrated offerings tailored to our installed base of 23,000 locomotives in operation around the world.
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