Wabtec Corp acquires MASU Brakes' rail friction business for $34-M

Pittsburgh, PA (US)-based Wabtec Corporation has acquired New Delhi-based MASU Brakes's railway friction business for USD 34 million. MASU is a manufacturer of friction products across the automotive and rail industries. The acquisition is expected to expand Wabtec's installed base and accelerate growth across its brake product portfolio. Wabtec is currently supplying brake systems on Indian Railways' locomotives and LHB coaches, as well as metros