Wabtec Corporation has acquired the assets of Track IQ, a manufacturer of wayside sensor systems for rail industry.
Track IQ’s products use acoustic sensors on the tracks to monitor and measure the operating condition of bearings and wheels on freight and passenger rail vehicles. The products provide data used to improve preventive maintenance and safety performance. The company’s systems have been installed at more than 150 locations around the world.
“With its core sensor technology, Track IQ expands our capabilities into an important segment of the wayside market. We see opportunities to integrate the company’s sensors in to Wabtec’s existing train control, signaling and electronics product offerings. In addition, we can leverage Track IQ’s technology and expertise as we develop enhancements and additional features for our train control products,” Raymond T. Betler, Wabtec’s president and chief executive officer, said.
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