FRAUSCHER: Delachaux Group completed the acquisition of a majority stake in wheel sensor and axle counter manufacturer Frauscher Sensor Technology Group on February 28.
The family-owned Delachaux Group is the owner of rail fastening manufacturer Pandrol as well as specialised energy and metals engineering businesses.
FST’s management retains a minority stake, and CEO Michael Thiel retains his role as well as joining the Delachaux Group executive committee. ‘Delachaux pursues strategic goals that are perfectly in line with ours’, he said. ‘Our global growth plans as well as development projects and research activities have been secured. This will enable us to tap further markets and develop new solutions for various application areas.’
Frauscher was founded in Austria in 1987. It now has more than 430 employees in 13 countries, reporting a turnover of more than €70m in 2018. It has supplied wheel sensors and axle counters to more than 80 countries.
Delachaux CEO Guy Talbourdet said the acquisition was ‘not only a wise business investment but also a choice from the heart’, as the companies share ‘the same values of long term perspective, expertise and entrepreneurial spirit’.