The advanced pantograph systems will improve overall fleet availability for the projects providing more reliable, efficient, and sustainable rail operations.
Wabtec Corporation (NYSE: WAB) secured a $386 million follow-on order to deliver additional R255 hybrid battery-diesel work locomotives to New York’s Metropolitan Transportation Authority (MTA).
The addition further strengthens Wabtec’s Digital Intelligence business by adding highly attractive and complementary railway signaling technologies, which will facilitate accelerated and profitable growth.
The partnership combines Wabtec’s rail expertise with IMT’s cutting-edge telematics to deliver smart, connected solutions enhancing safety, efficiency, and customer experience across Europe.
The acquisition positions Wabtec for accelerated, profitable growth, and further strengthen the Company’s Digital Intelligence business by adding highly attractive and complementary railway signaling technologies.