PITTSBURGH, DEC 19, 2020:
Wabtec Corporation (NYSE: WAB) and Keolis Group announced today the signing of an international business development agreement to partner on commercial activities and the development of innovative products for the transit and freight industries. The three-year agreement combines Wabtec’s product portfolio and Keolis’ transportation expertise in local markets to offer tailored solutions focused on HVAC energy efficiency, smart solutions for brakes, rolling stock monitoring systems and pantographs, as well as enhanced passenger information systems.
Wabtec and Keolis have a shared vision of fostering sustainable operations. This agreement aims to provide operators with technologies that reduce energy consumption, accelerate the shift to green, and enhance reliability and performance. It also seeks to improve safety and comfort for passengers.
For Keolis, this partnership with Wabtec is part of a strategy to structure the relationship with the major equipment manufacturers in the sector so that the group can continue to be seen as a global mobility operator. Given the Wabtec group's presence in the various modes of transport - bus & coaches and guided transport - and on a multitude of systems, this agreement will enable the development of joint projects to improve the experience of our customers