Faiveley buys Schwab Verkehrstechnik

Faiveley buys Schwab Verkehrstechnik

SWITZERLAND: Coupler and buffer manufacturer Schwab Verkehrstechnik has been acquired by Faiveley Transport. The Schaffhausen-based company has 42 employees and recorded sales of SFr23m in 2012.

'We are delighted to join the Faiveley Transport Group whose wide commercial reach will bring us new business opportunities globally, particularly in China, India and Brazil', said Managing Director Elio Tommasini.

Faiveley Transport Group CEO Thierry Barel said 'both companies will benefit from significant new opportunities, an enlarged product range and complementary customer bases.'