Uría advises Wabtec on Fanox Electronic acquisition

Westinghouse Air Brake Technologies Corporation (Wabtec), through its main European subsidiary Wabtec Netherlands, B.V., has successfully acquired 100% of the shares of Fanox Electronic from ABE Capital Partners and other minority shareholders, including the company’s founder and management team. The transaction value remains confidential.

Fanox Electronic, headquartered in Spain, is known for its expertise in electronic and industrial safety solutions, with a focus on protection relays and monitoring systems. This acquisition marks an expansion for Wabtec, a leader in rail technology, allowing it to enhance its portfolio and strengthen its footprint in the European industrial market.

The legal advisory team from Uría Menéndez in Madrid was led by partner Manuel Echenique (pictured), Co-Head of M&A and Private Equity, with support from Guillermo del Río (managing associate), Susana Serrano (senior associate), Alejandro Fuentes (associate), and Paula Lissorgues (associate). The team provided comprehensive M&A support throughout the transaction, ensuring a smooth and effective acquisition process.