The acquisition adds to the Delachaux Group\u2019s current portfolio which includes Pandrol, Conductix-Wampfler and DCX Chrome. Frauscher\u2019s expertise includes wheel detection, axle counting and tracking solutions.\r\n\r\nThe acquisition comes two years after Frauscher Sensor Technology announced in October 2016 that it had been acquired by New York-based Greenbriar Equity Group, for an undisclosed sum.\r\n\r\nMr Michael Thiel remains the CEO of the Frauscher Sensor Technology Group under Delachaux, while also becoming a member of the Delachaux Group executive committee.\r\n\r\n\u201cDelachaux pursues strategic goals that are perfectly in line with ours,\u201d Thiel says. \u201cThe focus is on much more than increasing the value of the company. Our global growth plans as well as development projects and research activities have been secured. This will enable us to tap further markets and develop new solutions for various application areas.\u201d\r\n\r\n\u201cTo me, this acquisition is not only a wise business investment but also a choice from the heart,\u201d says Delachaux Group CEO, Mr Guy Talbourdet. \u201cWe share with Frauscher the same values of long term perspective, expertise and entrepreneurial spirit, and I have no doubt that we will develop powerful synergies to provide innovative solutions to our customers in the rail industry.\u201d\r\n\r\nFounded in Austria in 1987, Frauscher has installed wheel sensors and axle counters in more than 80 countries. The company has more than 430 employees in 13 countries and posted a sales turnover of more than \u20ac70m in 2018. Frauscher has recently been investing in the development of solutions based on distributed acoustic sensing, which it says has the potential to be used for numerous applications such as train tracking, asset condition monitoring and security requirements.