Pittsburgh, PA-based L.B. Foster Company announced an agreement to acquire the railroad tuning unit, FWO, of Balfour Beatty Rail GmbH.
“FWO railway products will complement and expand L.B. Foster’s existing line of friction management and track products This acquisition will undoubtedly enhance L.B. Foster’s rail activities in Europe,” said Robert Bauer, L.B. Foster President and Chief Executive Officer. ”
“The FWO ESA Electronic Track Lubricating system and associated specialist knowledge of wheel/rail interaction is an ideal fit with L.B. Foster’s existing solution portfolio, marketing expertise and R&D competencies,” noted Peter Jones, Managing Director, L.B. Foster Rail Technologies (UK) Ltd.
The FWO business unit currently employs a team based in Bochum (Nordrhein-Westfalen, Germany) and has established sales in Europe and South America.