Greenbriar Equity acquires Frauscher Sensor Technology

Written by Kyra Senese, Managing Editor

New York-based private equity firm Greenbriar Equity Group LLC has acquired Frauscher Sensor Technology, a global supplier of train tracking solutions for the railway signaling industry.

 

Representatives say Frauscher was acquired in conjunction with the company’s current management team. Terms of the transaction were not made available.

Frauscher designs and manufactures railway wheel detection and axle counting systems based on inductive sensor and distributed acoustic sensing technologies. The company’s products are used globally to monitor track occupancy across railway networks.

Representatives say Greenbriar aims to support Frauscher’s expansion into North America, continuing to support the management team strategic vision. Greenbriar also says it plans to accelerate the development of Frauscher’s offerings, such as the new Frauscher Tracking Solutions system, which is based on distributed acoustic sensing technology.

Michael Weiss, managing director at Greenbriar, says Frauscher has established itself as a technology leader in the industry.

“We are excited to partner with [Frauscher CEO] Michael Thiel and his team and look forward to supporting the Company during its next growth phase,” he said. “We are particularly excited about Frauscher’s opportunities to leverage its differentiated product offering within new and existing geographic markets and develop innovative products.” 

Thiel described the acquisition as an exciting time for the organization.

“We are eager to work with Greenbriar as our new partner to continue to implement our growth strategy,” he said. “Their extensive experience and relationships in the rail industry will be invaluable as we expand our presence in North America and introduce new technologies into the marketplace.”

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