News

Faiveley Transport, a company controlled by Faiveley SA and Sagard, finalises the agreement with Carbone Lorraine and acquires its sintered brake material activity. The transaction is fully completed as from April 1st, 2008. The newly integrated activity is known as Faiveley Transport Gennevilliers.
Faiveley Transport Gennevilliers, based North West of Paris, France, manufactures and designs sintered friction materials used in high energy braking systems, primarily for the railway industry.
 
The acquisition of this activity, employing 80 people with annual sales of € 17million is one step forward in Faiveley Transport’s brakes’ systems strategy, in line with the recent acquisition of the sanding systems’ specialist, NOWE, integrated on January 2nd, 2008.
 
Besides focusing on the financial growth and technical development of Faiveley Transport, this acquisition will create added value and complete the brake system offering. The integration of this specific technical expertise will enable clients worldwide to take advantage of state of the art braking processes, which optimise the management of energy, whilst benefiting from lower life cycle costs.
 
Faiveley Transport Gennevilliers’s know-how will enrich the Customer Service and Brake & Couplers activities enabling them to reach new markets for both new and repeat business.
 
The newly integrated activity will particularly benefit from Faiveley Transport’s global presence. The combination of these respective activities will allow Faiveley transport to propose innovative solutions and reinforce its position as a world leader.