Uría Menéndez Advises Wabtec on Acquisition of Fanox Electronic.
Uría Menéndez has successfully advised Westinghouse Air Brake Technologies Corporation (Wabtec) on its acquisition of 100% of the shares of Fanox Electronic from ABE Capital Partners and other minority stakeholders, including the company’s founder and management team.
The transaction, completed via Wabtec Netherlands, B.V., expands Wabtec's portfolio in the European industrial sector. While the exact value of the deal has not been disclosed, the acquisition positions Wabtec to further strengthen its presence in the rail technology and industrial safety markets.
Fanox Electronic, based in Spain, is a recognized leader in electronic and industrial safety solutions, particularly in protection relays and monitoring systems. This strategic acquisition allows Wabtec, a major player in the global rail technology industry, to broaden its product offerings and enhance its competitive positioning in the European market. The deal underscores Wabtec’s commitment to growing its industrial technology capabilities and providing more integrated safety solutions.
The legal advisory team at Uría Menéndez in Madrid, led by partner Manuel Echenique, Co-Head of M&A and Private Equity, provided comprehensive legal support throughout the transaction. The team, which included Guillermo del Río (managing associate), Susana Serrano (senior associate), Alejandro Fuentes (associate), and Paula Lissorgues (associate), facilitated a smooth and efficient acquisition process, ensuring that all aspects of the deal were meticulously addressed.
This acquisition further strengthens Wabtec’s position in the European industrial sector, particularly in the realm of electronic safety solutions, and marks a significant step in the company’s long-term growth strategy.
Uría Menéndez is a prominent Spanish law firm founded in 1946, specializing in corporate law, mergers and acquisitions, litigation, and financial services. With offices in Spain, Portugal, and key international locations, the firm provides high-quality legal solutions to clients across various industries, including banking, energy, and real estate. Uría Menéndez is known for its strategic approach and commitment to delivering innovative, tailored legal advice.
