Greenbriar exits Frauscher

Frauscher's management team has retained the remaining shares in the company. Michael Thiel will stay on as the company's CEO and will join the Delachaux group executive committee.

Delachaux, which is backed by LP Caisse de Depot et Placement du Quebec, expects to realise synergies between Frauscher and its rail infrastructure business Pandrol.

Previous funding
Greenbriar acquired a majority stake in Frauscher in 2016 in a management buyout led by its CEO, Thiel. Unquote understands that the firm paid between €90-100m.

Greenbriar typically invests between $75-150m per transaction. For this transaction, it used its Greenbriar Equity Fund III, which closed on $1.1bn in June 2014.

Company
Founded in 1987 and based in St Marienkirchen, Austria, Frauscher has 430 employees and generated sales of €70m in 2018. The company provides systems based on inductive sensor technology and distributed acoustic sensing that enable railway operators to obtain information they need to run, monitor and protect their operational rail networks. It operates in 13 countries globally.

People
Delachaux Group – Guy Talbourdet (CEO).
Frauscher Sensor Technology – Michael Thiel (CEO, member of the Delachaux group executive committee).

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